GAMMA Investing LLC Has $87,000 Stake in The Cheesecake Factory Incorporated $CAKE

GAMMA Investing LLC trimmed its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,389 shares of the restaurant operator’s stock after selling 225 shares during the period. GAMMA Investing LLC’s holdings in Cheesecake Factory were worth $87,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. White Wing Wealth Management acquired a new position in shares of Cheesecake Factory during the second quarter worth approximately $334,000. Redhawk Wealth Advisors Inc. lifted its position in shares of Cheesecake Factory by 295.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 29,003 shares of the restaurant operator’s stock worth $1,817,000 after purchasing an additional 21,673 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Cheesecake Factory by 11.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,329 shares of the restaurant operator’s stock worth $547,000 after purchasing an additional 864 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Cheesecake Factory by 23.8% during the second quarter. Harbor Capital Advisors Inc. now owns 13,337 shares of the restaurant operator’s stock worth $836,000 after purchasing an additional 2,567 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Cheesecake Factory by 156.2% during the first quarter. Inspire Investing LLC now owns 24,406 shares of the restaurant operator’s stock worth $1,188,000 after purchasing an additional 14,880 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $67.00 price target (up from $66.00) on shares of Cheesecake Factory in a research note on Thursday, July 10th. Piper Sandler boosted their price target on shares of Cheesecake Factory from $54.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Bank of America boosted their price target on shares of Cheesecake Factory from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their price target on shares of Cheesecake Factory from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheesecake Factory from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 25th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.94.

Insider Buying and Selling at Cheesecake Factory

In other news, President David M. Gordon sold 43,335 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $63.06, for a total transaction of $2,732,705.10. Following the completion of the sale, the president owned 24,532 shares of the company’s stock, valued at $1,546,987.92. This represents a 63.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander L. Cappello sold 12,388 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $65.88, for a total transaction of $816,121.44. Following the sale, the director directly owned 6,806 shares of the company’s stock, valued at $448,379.28. This represents a 64.54% decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.

Cheesecake Factory Stock Up 0.9%

Shares of NASDAQ:CAKE opened at $55.17 on Friday. The Cheesecake Factory Incorporated has a 52 week low of $38.40 and a 52 week high of $69.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.51. The company has a market capitalization of $2.75 billion, a PE ratio of 16.98, a PEG ratio of 1.30 and a beta of 1.06. The company has a 50 day moving average price of $59.96 and a two-hundred day moving average price of $56.53.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Tuesday, July 29th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.10. Cheesecake Factory had a net margin of 4.33% and a return on equity of 45.92%. The company 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 earned $1.09 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

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

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.