Long Road Investment Counsel LLC maintained its stake in Cheesecake Factory Inc (NASDAQ:CAKE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,819 shares of the restaurant operator’s stock at the end of the first quarter. Cheesecake Factory makes up approximately 1.6% of Long Road Investment Counsel LLC’s investment portfolio, making the stock its 21st largest position. Long Road Investment Counsel LLC owned approximately 0.08% of Cheesecake Factory worth $2,206,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Cheesecake Factory during the fourth quarter worth approximately $104,000. Tyers Asset Management LLC purchased a new stake in Cheesecake Factory during the fourth quarter worth approximately $125,000. TrimTabs Asset Management LLC raised its stake in Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock worth $130,000 after buying an additional 968 shares in the last quarter. Finally, Flinton Capital Management LLC purchased a new stake in Cheesecake Factory during the fourth quarter worth approximately $159,000. Institutional investors own 95.52% of the company’s stock.
Shares of Cheesecake Factory Inc (NASDAQ:CAKE) traded up 0.53% on Friday, reaching $58.93. 941,224 shares of the company’s stock were exchanged. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 20.60 and a beta of 0.20. Cheesecake Factory Inc has a one year low of $46.93 and a one year high of $67.14. The company’s 50 day moving average is $62.47 and its 200-day moving average is $60.79.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.01. Cheesecake Factory had a return on equity of 22.76% and a net margin of 6.11%. The business had revenue of $563.43 million for the quarter, compared to the consensus estimate of $565.42 million. On average, analysts anticipate that Cheesecake Factory Inc will post $2.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.63%. Cheesecake Factory’s dividend payout ratio (DPR) is 35.56%.
A number of research firms recently commented on CAKE. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price target on shares of Cheesecake Factory in a report on Friday, January 20th. Zacks Investment Research lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Friday, January 20th. Telsey Advisory Group upped their price target on shares of Cheesecake Factory from $61.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Finally, Maxim Group reiterated a “hold” rating and set a $65.00 price target (up from $59.00) on shares of Cheesecake Factory in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.78.
In other news, CFO Doug Benn sold 16,901 shares of Cheesecake Factory stock in a transaction on Monday, April 24th. The stock was sold at an average price of $64.02, for a total transaction of $1,082,002.02. Following the completion of the sale, the chief financial officer now directly owns 70,261 shares in the company, valued at $4,498,109.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Debby R. Zurzolo sold 1,600 shares of Cheesecake Factory stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $63.89, for a total value of $102,224.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,054 shares of company stock valued at $4,015,740. Corporate insiders own 8.50% of the company’s stock.
About 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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