American Century Companies Inc. Has $106.79 Million Holdings in The Cheesecake Factory Incorporated $CAKE

American Century Companies Inc. raised its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,704,314 shares of the restaurant operator’s stock after acquiring an additional 99,688 shares during the period. American Century Companies Inc. owned about 3.42% of Cheesecake Factory worth $106,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAKE. Wellington Management Group LLP boosted its stake in shares of Cheesecake Factory by 156.7% in the 1st quarter. Wellington Management Group LLP now owns 3,045,705 shares of the restaurant operator’s stock valued at $148,204,000 after purchasing an additional 1,859,194 shares in the last quarter. Invesco Ltd. lifted its stake in Cheesecake Factory by 83.5% in the 1st quarter. Invesco Ltd. now owns 2,591,205 shares of the restaurant operator’s stock valued at $126,088,000 after purchasing an additional 1,178,722 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Cheesecake Factory in the first quarter valued at approximately $75,795,000. Driehaus Capital Management LLC acquired a new stake in Cheesecake Factory in the first quarter valued at approximately $47,720,000. Finally, William Blair Investment Management LLC grew its stake in shares of Cheesecake Factory by 4.9% during the second quarter. William Blair Investment Management LLC now owns 452,955 shares of the restaurant operator’s stock worth $28,382,000 after buying an additional 21,223 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

Shares of CAKE stock opened at $47.00 on Wednesday. The stock has a market capitalization of $2.34 billion, a PE ratio of 14.24, a PEG ratio of 1.21 and a beta of 1.08. The business’s 50 day simple moving average is $51.38 and its 200 day simple moving average is $57.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.51 and a quick ratio of 0.42. The Cheesecake Factory Incorporated has a one year low of $42.69 and a one year high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Cheesecake Factory had a net margin of 4.33% and a return on equity of 47.25%. The firm had revenue of $907.23 million for the quarter, compared to the consensus estimate of $912.95 million. During the same quarter in the previous year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Cheesecake Factory’s dividend payout ratio is 32.73%.

Wall Street Analyst Weigh In

CAKE has been the subject of a number of research reports. Mizuho set a $65.00 price target on Cheesecake Factory and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 target price (down previously from $70.00) on shares of Cheesecake Factory in a report on Wednesday, October 29th. Jefferies Financial Group set a $70.00 price target on Cheesecake Factory and gave the company a “buy” rating in a research note on Wednesday, October 29th. Citigroup reduced their price target on Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cheesecake Factory from $57.00 to $52.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and a consensus price target of $59.18.

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.