Intech Investment Management LLC Buys New Stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Intech Investment Management LLC purchased a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,836 shares of the restaurant operator's stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator's stock worth $57,000 after purchasing an additional 1,064 shares during the period. nVerses Capital LLC purchased a new stake in shares of Cheesecake Factory during the 2nd quarter valued at approximately $67,000. Wealth Alliance acquired a new position in Cheesecake Factory in the second quarter valued at approximately $213,000. Foundations Investment Advisors LLC purchased a new position in Cheesecake Factory in the third quarter worth approximately $227,000. Finally, Commonwealth Equity Services LLC increased its stake in Cheesecake Factory by 13.4% during the second quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator's stock worth $266,000 after acquiring an additional 802 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Stock Up 1.8 %

Shares of Cheesecake Factory stock traded up $0.90 during trading hours on Friday, reaching $50.64. 502,153 shares of the company were exchanged, compared to its average volume of 971,395. The firm has a market cap of $2.58 billion, a PE ratio of 19.25, a PEG ratio of 1.36 and a beta of 1.47. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The Cheesecake Factory Incorporated has a 1 year low of $30.96 and a 1 year high of $50.94. The stock's fifty day moving average is $44.04 and its 200 day moving average is $40.30.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. Cheesecake Factory's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, equities research analysts forecast that The Cheesecake Factory Incorporated will post 3.3 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a yield of 2.13%. Cheesecake Factory's dividend payout ratio is currently 41.06%.

Insiders Place Their Bets

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now directly owns 14,977 shares of the company's stock, valued at $747,052.76. The trade was a 46.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CAKE shares. Wedbush upped their price target on Cheesecake Factory from $52.00 to $59.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Bank of America upped their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, August 6th. Finally, Stephens lifted their target price on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of "Hold" and a consensus price target of $44.75.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.