Intech Investment Management LLC Purchases 15,342 Shares of The Cheesecake Factory Incorporated $CAKE

Intech Investment Management LLC grew its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 57.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,870 shares of the restaurant operator’s stock after acquiring an additional 15,342 shares during the quarter. Intech Investment Management LLC owned 0.08% of Cheesecake Factory worth $2,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CAKE. Captrust Financial Advisors increased its stake in shares of Cheesecake Factory by 17.0% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $299,000 after acquiring an additional 917 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Cheesecake Factory by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 33,296 shares of the restaurant operator’s stock valued at $1,580,000 after acquiring an additional 877 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Cheesecake Factory by 44.8% in the 4th quarter. Deutsche Bank AG now owns 40,492 shares of the restaurant operator’s stock valued at $1,921,000 after acquiring an additional 12,533 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Cheesecake Factory by 14.5% in the 4th quarter. Janus Henderson Group PLC now owns 20,562 shares of the restaurant operator’s stock valued at $975,000 after acquiring an additional 2,600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cheesecake Factory by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,474 shares of the restaurant operator’s stock valued at $1,303,000 after acquiring an additional 1,059 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, President David M. Gordon sold 43,335 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $63.06, for a total transaction of $2,732,705.10. Following the sale, the president owned 24,532 shares in the company, valued at $1,546,987.92. This represents a 63.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexander L. Cappello sold 12,388 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $65.88, for a total value of $816,121.44. Following the sale, the director owned 6,806 shares in the company, valued at approximately $448,379.28. This represents a 64.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Cheesecake Factory Trading Down 2.9%

NASDAQ:CAKE opened at $54.67 on Wednesday. The Cheesecake Factory Incorporated has a twelve month low of $37.82 and a twelve month high of $69.70. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $62.24 and a two-hundred day moving average price of $56.05. The company has a market cap of $2.72 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, July 29th. The restaurant operator reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. Cheesecake Factory had a return on equity of 45.92% and a net margin of 4.33%.The firm had revenue of $955.83 million during the quarter, compared to the consensus estimate of $945.82 million. During the same quarter in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. Cheesecake Factory’s dividend payout ratio is currently 33.23%.

Analyst Ratings Changes

A number of brokerages have recently commented on CAKE. Piper Sandler upped their price target on Cheesecake Factory from $54.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Robert W. Baird set a $64.00 price objective on Cheesecake Factory and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Oppenheimer boosted their price objective on Cheesecake Factory from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Barclays boosted their price objective on Cheesecake Factory from $57.00 to $62.00 and gave the company an “underweight” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley boosted their price objective on Cheesecake Factory from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.94.

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.