The Cheesecake Factory Incorporated (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,415 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Debby R. Zurzolo also recently made the following trade(s):
- On Wednesday, November 15th, Debby R. Zurzolo sold 2,306 shares of The Cheesecake Factory stock. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50.
Shares of The Cheesecake Factory Incorporated (CAKE) traded down $0.29 during mid-day trading on Wednesday, hitting $44.92. 1,662,589 shares of the stock traded hands, compared to its average volume of 1,100,478. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. The Cheesecake Factory Incorporated has a 12 month low of $38.34 and a 12 month high of $67.14. The stock has a market cap of $2,060.00, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.23 and a beta of 0.29.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The company had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $566.09 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts anticipate that The Cheesecake Factory Incorporated will post 2.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.58%. The Cheesecake Factory’s payout ratio is currently 42.80%.
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Hedge funds have recently modified their holdings of the company. Tiedemann Wealth Management LLC increased its stake in shares of The Cheesecake Factory by 22.9% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 3,237 shares during the last quarter. Victory Capital Management Inc. grew its stake in The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 482 shares in the last quarter. Riverhead Capital Management LLC grew its stake in The Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in The Cheesecake Factory in the 2nd quarter valued at approximately $205,000. Finally, LS Investment Advisors LLC grew its stake in The Cheesecake Factory by 17.0% in the 2nd quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after buying an additional 615 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.
CAKE has been the topic of a number of research analyst reports. Maxim Group reissued a “buy” rating and set a $57.00 price objective (down previously from $65.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $65.00 price target on shares of The Cheesecake Factory in a research report on Wednesday, July 26th. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price target on shares of The Cheesecake Factory in a research report on Wednesday, September 20th. TheStreet cut shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a research report on Friday, August 25th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $48.00 price target (down previously from $55.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.00.
About The Cheesecake Factory
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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