The Cheesecake Factory Incorporated (NASDAQ:CAKE) Insider Keith Carango Sells 13,095 Shares

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) insider Keith Carango sold 13,095 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total transaction of $653,178.60. Following the sale, the insider now owns 14,977 shares of the company's stock, valued at approximately $747,052.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE traded down $0.74 during midday trading on Friday, hitting $46.56. The company's stock had a trading volume of 515,572 shares, compared to its average volume of 963,821. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.25 and a beta of 1.47. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $40.84 and a 200 day moving average price of $38.87. The Cheesecake Factory Incorporated has a one year low of $30.26 and a one year high of $50.75.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The firm 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 45.66% and a net margin of 3.63%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, research analysts forecast that The Cheesecake Factory Incorporated will post 3.3 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, November 13th. Cheesecake Factory's dividend payout ratio is presently 41.06%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CAKE shares. StockNews.com raised shares of Cheesecake Factory from a "hold" rating to a "buy" rating in a research report on Monday. Bank of America increased their price target on Cheesecake Factory from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 6th. Barclays upped their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an "underweight" rating in a report on Wednesday, October 30th. Finally, Stephens boosted their target price on shares of Cheesecake Factory from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.17.

Institutional Investors Weigh In On Cheesecake Factory

Institutional investors and hedge funds have recently modified their holdings of the company. Pathstone Holdings LLC raised its holdings in shares of Cheesecake Factory by 0.9% in the 3rd quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator's stock valued at $1,522,000 after acquiring an additional 329 shares in the last quarter. Aviance Capital Partners LLC raised its stake in Cheesecake Factory by 75.2% in the third quarter. Aviance Capital Partners LLC now owns 17,044 shares of the restaurant operator's stock valued at $691,000 after purchasing an additional 7,317 shares in the last quarter. Quest Partners LLC bought a new stake in Cheesecake Factory during the third quarter valued at approximately $973,000. Victory Capital Management Inc. grew its stake in Cheesecake Factory by 32.7% in the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator's stock worth $16,353,000 after buying an additional 99,341 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Cheesecake Factory in the 3rd quarter worth $395,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.

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