The Cheesecake Factory Incorporated (CAKE) VP Debby R. Zurzolo Sells 2,306 Shares

The Cheesecake Factory Incorporated (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,306 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Debby R. Zurzolo also recently made the following trade(s):

  • On Thursday, November 9th, Debby R. Zurzolo sold 2,415 shares of The Cheesecake Factory stock. The stock was sold at an average price of $44.20, for a total transaction of $106,743.00.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) traded down $0.14 during trading hours on Thursday, hitting $44.92. 1,136,940 shares of the company’s stock traded hands, compared to its average volume of 1,090,984. The Cheesecake Factory Incorporated has a 12 month low of $38.34 and a 12 month high of $67.14. The firm has a market capitalization of $2,060.00, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.20 and a beta of 0.29. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.

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Several institutional investors have recently bought and sold shares of CAKE. Kayne Anderson Rudnick Investment Management LLC lifted its position in The Cheesecake Factory by 54.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator’s stock worth $103,504,000 after buying an additional 869,579 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of The Cheesecake Factory by 750.5% in the 3rd quarter. First Trust Advisors LP now owns 580,508 shares of the restaurant operator’s stock valued at $24,451,000 after purchasing an additional 512,255 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of The Cheesecake Factory in the 2nd quarter valued at approximately $25,369,000. Epoch Investment Partners Inc. boosted its stake in shares of The Cheesecake Factory by 207.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 734,252 shares of the restaurant operator’s stock valued at $30,926,000 after purchasing an additional 495,642 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in shares of The Cheesecake Factory by 1,407.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 393,218 shares of the restaurant operator’s stock valued at $19,661,000 after purchasing an additional 367,127 shares in the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Stephens reiterated an “equal weight” rating and set a $48.00 price objective (down previously from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Maxim Group reiterated a “buy” rating and set a $57.00 price objective (down previously from $65.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Instinet reiterated a “neutral” rating and set a $44.00 price objective (down previously from $50.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $48.00 price objective (down previously from $53.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $49.00 price objective (down previously from $57.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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.

Insider Buying and Selling by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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