The Cheesecake Factory Incorporated (NASDAQ:CAKE) Holdings Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,530 shares of the restaurant operator's stock after selling 11,001 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Cheesecake Factory worth $3,549,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Cheesecake Factory in the 2nd quarter worth $67,000. Wealth Alliance acquired a new stake in Cheesecake Factory in the second quarter valued at about $213,000. Glenmede Trust Co. NA purchased a new stake in Cheesecake Factory in the 3rd quarter valued at approximately $223,000. Foundations Investment Advisors LLC acquired a new stake in shares of Cheesecake Factory in the 3rd quarter valued at approximately $227,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Cheesecake Factory by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator's stock valued at $266,000 after buying an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Cheesecake Factory from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Stephens boosted their price objective on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group boosted their price target on Cheesecake Factory from $32.00 to $36.00 and gave the stock a "sell" rating in a research note on Friday, October 25th. Wedbush lifted their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, Barclays raised their price target on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cheesecake Factory currently has a consensus rating of "Hold" and a consensus price target of $46.08.

Cheesecake Factory Stock Down 0.2 %

Shares of CAKE stock traded down $0.09 on Friday, hitting $49.87. The stock had a trading volume of 869,508 shares, compared to its average volume of 978,199. The Cheesecake Factory Incorporated has a 52-week low of $31.24 and a 52-week high of $52.10. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.37 and a beta of 1.48. 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 stock's 50 day moving average is $45.77 and its 200-day moving average is $41.01.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $865.50 million for the quarter, compared to analysts' expectations of $866.13 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The company's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, research analysts expect that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were paid a $0.27 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.17%. Cheesecake Factory's dividend payout ratio (DPR) is presently 41.06%.

Insider Transactions at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the company's stock in a transaction that occurred 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 in the company, valued at $747,052.76. This represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.10% of the company's stock.

Cheesecake Factory Profile

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.