Deutsche Bank AG Has $1.92 Million Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Deutsche Bank AG boosted its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,492 shares of the restaurant operator’s stock after buying an additional 12,533 shares during the period. Deutsche Bank AG owned approximately 0.08% of Cheesecake Factory worth $1,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAKE. First Eagle Investment Management LLC lifted its stake in shares of Cheesecake Factory by 9.7% in the fourth quarter. First Eagle Investment Management LLC now owns 360,718 shares of the restaurant operator’s stock valued at $17,112,000 after buying an additional 32,000 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Cheesecake Factory in the 4th quarter valued at approximately $489,000. Ruffer LLP acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $9,401,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $972,000. Finally, Norges Bank bought a new stake in shares of Cheesecake Factory during the fourth quarter valued at approximately $6,513,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Up 0.4%

NASDAQ CAKE opened at $52.58 on Friday. The stock’s 50 day simple moving average is $49.74 and its 200 day simple moving average is $50.04. The Cheesecake Factory Incorporated has a one year low of $33.50 and a one year high of $57.32. The firm has a market cap of $2.60 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The company had revenue of $927.20 million for the quarter, compared to analyst estimates of $927.17 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio is currently 33.86%.

Insider Buying and Selling at Cheesecake Factory

In related news, Chairman David Overton sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $53.08, for a total value of $5,308,000.00. Following the completion of the sale, the chairman now owns 3,092,147 shares of the company’s stock, valued at $164,131,162.76. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Eliot Clark sold 29,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the completion of the transaction, the chief financial officer now owns 39,856 shares of the company’s stock, valued at $2,134,687.36. This trade represents a 42.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CAKE. UBS Group raised their target price on Cheesecake Factory from $41.00 to $45.00 and gave the stock a “sell” rating in a research report on Thursday, February 20th. Argus set a $60.00 price objective on shares of Cheesecake Factory in a research note on Wednesday, May 14th. Citigroup decreased their target price on shares of Cheesecake Factory from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group upped their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

Cheesecake Factory Company 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.