Gamco Investors INC. ET AL Sells 12,500 Shares of The Cheesecake Factory Incorporated $CAKE

Gamco Investors INC. ET AL trimmed its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,500 shares of the restaurant operator’s stock after selling 12,500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Cheesecake Factory were worth $16,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAKE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cheesecake Factory by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock valued at $1,399,000 after purchasing an additional 1,268 shares during the last quarter. Woodline Partners LP raised its stake in shares of Cheesecake Factory by 30.9% during the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock worth $4,509,000 after buying an additional 21,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cheesecake Factory by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock valued at $5,343,000 after buying an additional 8,592 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cheesecake Factory by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 323 shares during the period. Finally, First Trust Advisors LP boosted its stake in Cheesecake Factory by 5.0% in the second quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock valued at $7,019,000 after acquiring an additional 5,326 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Cheesecake Factory Stock Up 0.3%

Shares of NASDAQ:CAKE opened at $84.72 on Friday. The Cheesecake Factory Incorporated has a 52 week low of $43.07 and a 52 week high of $87.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59. The company has a market capitalization of $4.21 billion, a PE ratio of 24.77, a PEG ratio of 1.98 and a beta of 1.01. The company has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $64.77.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $978.83 million for the quarter, compared to analysts’ expectations of $964.57 million. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Analysts forecast that The Cheesecake Factory Incorporated will post 4.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman David Overton sold 104,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the sale, the chairman owned 3,079,779 shares of the company’s stock, valued at approximately $187,928,114.58. This trade represents a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander L. Cappello sold 2,490 shares of Cheesecake Factory stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total value of $161,601.00. Following the transaction, the director owned 6,171 shares in the company, valued at approximately $400,497.90. This represents a 28.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CAKE shares. Argus set a $72.00 target price on shares of Cheesecake Factory in a report on Friday, May 1st. Stephens increased their price target on Cheesecake Factory from $61.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Barclays raised their price target on Cheesecake Factory from $58.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Cheesecake Factory from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $58.00 to $68.00 in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $68.00 price objective on shares of Cheesecake Factory in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus price target of $68.81.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.