The Cheesecake Factory Incorporated $CAKE Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 26.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,470 shares of the restaurant operator’s stock after selling 17,213 shares during the period. Bessemer Group Inc.’s holdings in Cheesecake Factory were worth $2,654,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CAKE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cheesecake Factory by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock valued at $1,399,000 after buying an additional 1,268 shares in the last quarter. Woodline Partners LP lifted its holdings in Cheesecake Factory by 30.9% in the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock valued at $4,509,000 after acquiring an additional 21,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cheesecake Factory by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock valued at $5,343,000 after acquiring an additional 8,592 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheesecake Factory by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 323 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Cheesecake Factory by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock worth $7,019,000 after purchasing an additional 5,326 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Cheesecake Factory Price Performance

CAKE stock opened at $87.07 on Wednesday. The stock’s 50 day moving average price is $72.39 and its 200 day moving average price is $64.16. The firm has a market cap of $4.33 billion, a P/E ratio of 25.46, a PEG ratio of 2.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59. The Cheesecake Factory Incorporated has a 1 year low of $43.07 and a 1 year high of $87.90.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Cheesecake Factory had a return on equity of 43.74% and a net margin of 4.34%.The company had revenue of $978.83 million during the quarter, compared to the consensus estimate of $964.57 million. During the same quarter last year, the business posted $0.93 earnings per share. Cheesecake Factory’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts expect that The Cheesecake Factory Incorporated will post 4.03 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CAKE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $68.00 price target on shares of Cheesecake Factory in a research note on Thursday, April 30th. Robert W. Baird set a $65.00 price objective on shares of Cheesecake Factory in a report on Thursday, April 30th. Argus set a $72.00 target price on shares of Cheesecake Factory in a research report on Friday, May 1st. Oppenheimer increased their target price on shares of Cheesecake Factory from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Citigroup lifted their price target on shares of Cheesecake Factory from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and an average target price of $67.75.

More Cheesecake Factory News

Here are the key news stories impacting Cheesecake Factory this week:

• Positive Sentiment: Zacks says CAKE has momentum characteristics that may appeal to traders, with the stock recently up on a one-week basis and drawing interest as a potential breakout candidate. Article Title
• Positive Sentiment: Analysts and market commentary suggest Cheesecake Factory may beat upcoming earnings estimates, which could support the stock if results confirm those expectations. Article Title
• Positive Sentiment: The company’s new Wichita location is nearing opening, with hiring underway for about 290 positions, signaling continued unit expansion and future revenue potential. Article Title
• Positive Sentiment: Local reports that the new store marquee is up and opening is weeks away reinforce growth visibility and may be read as a sign of successful expansion. Article Title
• Positive Sentiment: Restaurant-industry commentary points to CAKE as a stock to own in a resilient dining environment, where value-focused consumer demand remains supportive. Article Title
• Neutral Sentiment: Some coverage is mostly technical or style-score driven, reinforcing the recent uptrend rather than pointing to a new fundamental development. Article Title

Insider Transactions at Cheesecake Factory

In related news, Director Alexander L. Cappello sold 2,490 shares of Cheesecake Factory stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total transaction of $161,601.00. Following the completion of the sale, the director owned 6,171 shares in the company, valued at approximately $400,497.90. This trade represents a 28.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David Overton sold 104,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the completion of the transaction, the chairman directly owned 3,079,779 shares of the company’s stock, valued at $187,928,114.58. The trade was a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.00% of the company’s stock.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.