The Cheesecake Factory Incorporated $CAKE Shares Acquired by Creative Planning

Creative Planning boosted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 39.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,647 shares of the restaurant operator’s stock after buying an additional 4,126 shares during the period. Creative Planning’s holdings in Cheesecake Factory were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in Cheesecake Factory by 156.7% during the 1st quarter. Wellington Management Group LLP now owns 3,045,705 shares of the restaurant operator’s stock valued at $148,204,000 after acquiring an additional 1,859,194 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Cheesecake Factory during the 1st quarter valued at about $75,795,000. Invesco Ltd. boosted its holdings in Cheesecake Factory by 83.5% during the first quarter. Invesco Ltd. now owns 2,591,205 shares of the restaurant operator’s stock worth $126,088,000 after buying an additional 1,178,722 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Cheesecake Factory during the 1st quarter worth $47,720,000. Finally, American Century Companies Inc. increased its stake in Cheesecake Factory by 17.7% in the 1st quarter. American Century Companies Inc. now owns 1,604,626 shares of the restaurant operator’s stock worth $78,081,000 after purchasing an additional 241,575 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CAKE. JPMorgan Chase & Co. lowered their price objective on shares of Cheesecake Factory from $57.00 to $52.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company cut their price objective on shares of Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 price target (down previously from $70.00) on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheesecake Factory in a report on Wednesday, November 26th. Finally, Oppenheimer set a $70.00 target price on Cheesecake Factory in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.18.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $47.38 on Tuesday. The stock’s fifty day simple moving average is $50.83 and its 200 day simple moving average is $56.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.51 and a quick ratio of 0.42. The Cheesecake Factory Incorporated has a one year low of $42.69 and a one year high of $69.70. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.21 and a beta of 1.08.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The firm had revenue of $907.23 million during the quarter, compared to the consensus estimate of $912.95 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 47.25%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. On average, analysts expect that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a $0.27 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. Cheesecake Factory’s dividend payout ratio (DPR) is 32.73%.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.