Bamco Inc. NY Has $93.99 Million Holdings in The Cheesecake Factory Incorporated $CAKE

Bamco Inc. NY decreased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,500,000 shares of the restaurant operator’s stock after selling 300,000 shares during the quarter. Bamco Inc. NY owned 3.01% of Cheesecake Factory worth $93,990,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of Cheesecake Factory by 156.7% in the first quarter. Wellington Management Group LLP now owns 3,045,705 shares of the restaurant operator’s stock worth $148,204,000 after purchasing an additional 1,859,194 shares during the last quarter. Invesco Ltd. grew its holdings in Cheesecake Factory by 83.5% during the first quarter. Invesco Ltd. now owns 2,591,205 shares of the restaurant operator’s stock worth $126,088,000 after buying an additional 1,178,722 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Cheesecake Factory during the first quarter worth $47,720,000. American Century Companies Inc. raised its position in Cheesecake Factory by 17.7% in the 1st quarter. American Century Companies Inc. now owns 1,604,626 shares of the restaurant operator’s stock valued at $78,081,000 after buying an additional 241,575 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in Cheesecake Factory by 74.4% during the 1st quarter. Trexquant Investment LP now owns 245,413 shares of the restaurant operator’s stock valued at $11,942,000 after acquiring an additional 104,694 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 1.8%

Cheesecake Factory stock opened at $49.86 on Friday. The firm has a 50 day moving average price of $49.61 and a 200-day moving average price of $56.57. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The Cheesecake Factory Incorporated has a twelve month low of $42.69 and a twelve month high of $69.70. The company has a market capitalization of $2.49 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.40 and a beta of 0.96.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $907.23 million for the quarter, compared to analysts’ expectations of $912.95 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 46.35%. Cheesecake Factory’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, equities analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, November 10th. Cheesecake Factory’s payout ratio is currently 32.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CAKE shares. JPMorgan Chase & Co. reduced 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. Argus reduced their price objective on shares of Cheesecake Factory from $72.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Stephens decreased their price objective on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Barclays dropped their target price on shares of Cheesecake Factory from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group set a $70.00 target price on Cheesecake Factory and gave the company a “buy” rating in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Cheesecake Factory has an average rating of “Hold” and an average 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.