Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 54.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,188 shares of the restaurant operator’s stock after purchasing an additional 7,429 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Cheesecake Factory were worth $1,036,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in CAKE. BlackRock Inc. lifted its holdings in shares of Cheesecake Factory by 1.9% during the fourth quarter. BlackRock Inc. now owns 5,305,610 shares of the restaurant operator’s stock worth $230,847,000 after buying an additional 97,768 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cheesecake Factory by 2.2% during the third quarter. Vanguard Group Inc. now owns 3,754,760 shares of the restaurant operator’s stock worth $201,030,000 after buying an additional 79,378 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Cheesecake Factory by 9.8% during the fourth quarter. Macquarie Group Ltd. now owns 2,130,536 shares of the restaurant operator’s stock worth $92,699,000 after buying an additional 189,577 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cheesecake Factory by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,413,874 shares of the restaurant operator’s stock worth $61,516,000 after buying an additional 95,965 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Cheesecake Factory by 48.9% during the fourth quarter. Bessemer Group Inc. now owns 677,627 shares of the restaurant operator’s stock worth $29,484,000 after buying an additional 222,645 shares in the last quarter. 98.26% of the stock is owned by hedge funds and other institutional investors.
CAKE stock opened at $48.28 on Tuesday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.39 and a beta of 0.35. Cheesecake Factory Inc has a 52 week low of $41.63 and a 52 week high of $60.19. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.35 and a quick ratio of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.73%. The ex-dividend date is Wednesday, May 15th. Cheesecake Factory’s payout ratio is 54.32%.
A number of equities research analysts have recently weighed in on CAKE shares. TheStreet raised Cheesecake Factory from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th. Maxim Group reissued a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of Cheesecake Factory in a report on Thursday, May 2nd. Raymond James set a $56.00 price target on Cheesecake Factory and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wedbush reaffirmed a “hold” rating and issued a $48.00 price target on shares of Cheesecake Factory in a research note on Thursday, April 18th. Finally, BidaskClub raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.67.
In other Cheesecake Factory news, insider Cheryl Slomann sold 1,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.36, for a total transaction of $46,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edie A. Ames bought 700 shares of the stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $47.18 per share, with a total value of $33,026.00. Following the purchase, the director now owns 3,130 shares of the company’s stock, valued at approximately $147,673.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,326 shares of company stock valued at $255,309. Insiders own 8.50% of the company’s stock.
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Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
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