Vanguard Personalized Indexing Management LLC Buys New Shares in The Cheesecake Factory Incorporated $CAKE

Vanguard Personalized Indexing Management LLC bought a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,925 shares of the restaurant operator’s stock, valued at approximately $246,000.

A number of other institutional investors also recently modified their holdings of CAKE. Principal Financial Group Inc. raised its holdings in Cheesecake Factory by 2.2% during the first quarter. Principal Financial Group Inc. now owns 274,877 shares of the restaurant operator’s stock worth $13,376,000 after buying an additional 6,047 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Cheesecake Factory during the first quarter worth $5,559,000. Foundry Partners LLC acquired a new position in Cheesecake Factory during the first quarter worth $299,000. Informed Momentum Co LLC acquired a new position in Cheesecake Factory during the first quarter worth $3,023,000. Finally, Maverick Capital Ltd. raised its holdings in Cheesecake Factory by 217.4% during the first quarter. Maverick Capital Ltd. now owns 27,894 shares of the restaurant operator’s stock worth $1,357,000 after buying an additional 19,105 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $67.00 price objective (up previously from $66.00) on shares of Cheesecake Factory in a report on Thursday, July 10th. Bank of America upped their price objective on shares of Cheesecake Factory from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Barclays lowered their price objective on shares of Cheesecake Factory from $62.00 to $50.00 and set an “underweight” rating on the stock in a report on Wednesday. Stephens set a $70.00 price objective on shares of Cheesecake Factory in a report on Monday, October 13th. Finally, UBS Group upped their price objective on shares of Cheesecake Factory from $45.00 to $50.00 and gave the stock a “sell” rating in a report on Friday, July 18th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and an average target price of $61.88.

Cheesecake Factory Price Performance

CAKE opened at $56.15 on Friday. The firm has a market cap of $2.80 billion, a P/E ratio of 17.28, a PEG ratio of 1.33 and a beta of 1.06. The firm has a 50-day moving average of $57.16 and a 200 day moving average of $57.18. 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 Cheesecake Factory Incorporated has a fifty-two week low of $41.68 and a fifty-two week high of $69.70.

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

Insider Activity

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

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.