Creative Planning Raises Holdings in The Cheesecake Factory Incorporated $CAKE

Creative Planning increased its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 39.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,647 shares of the restaurant operator’s stock after buying an additional 4,126 shares during the period. Creative Planning’s holdings in Cheesecake Factory were worth $918,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Informed Momentum Co LLC purchased a new position in shares of Cheesecake Factory in the 1st quarter valued at about $3,023,000. Maverick Capital Ltd. increased its holdings in shares of Cheesecake Factory by 217.4% in the 1st quarter. Maverick Capital Ltd. now owns 27,894 shares of the restaurant operator’s stock valued at $1,357,000 after acquiring an additional 19,105 shares during the period. Headlands Technologies LLC raised its holdings in shares of Cheesecake Factory by 50.6% in the first quarter. Headlands Technologies LLC now owns 33,703 shares of the restaurant operator’s stock valued at $1,640,000 after buying an additional 11,318 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Cheesecake Factory during the 1st quarter valued at approximately $211,000. Finally, EntryPoint Capital LLC purchased a new position in Cheesecake Factory during the 1st quarter worth $517,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $47.38 on Tuesday. The firm has a fifty day simple moving average of $50.83 and a 200-day simple moving average of $56.96. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $2.36 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The Cheesecake Factory Incorporated has a twelve month low of $42.69 and a twelve month high of $69.70.

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

Cheesecake Factory Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.