The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 63.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,452 shares of the restaurant operator's stock after selling 11,200 shares during the period. Versor Investments LP's holdings in Cheesecake Factory were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAKE. Dimensional Fund Advisors LP raised its stake in Cheesecake Factory by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator's stock worth $48,772,000 after purchasing an additional 43,128 shares during the period. Earnest Partners LLC increased its holdings in shares of Cheesecake Factory by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator's stock worth $111,245,000 after buying an additional 76,578 shares during the last quarter. JCP Investment Management LLC purchased a new stake in shares of Cheesecake Factory during the 2nd quarter valued at approximately $5,149,000. State Board of Administration of Florida Retirement System lifted its holdings in Cheesecake Factory by 38.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,215 shares of the restaurant operator's stock valued at $673,000 after acquiring an additional 5,360 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Cheesecake Factory by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 435,307 shares of the restaurant operator's stock worth $17,103,000 after acquiring an additional 28,962 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Stock Down 0.1 %

Shares of Cheesecake Factory stock traded down $0.04 during trading hours on Friday, reaching $48.06. 746,075 shares of the company were exchanged, compared to its average volume of 1,417,142. The firm has a market cap of $2.45 billion, a PE ratio of 18.27, a PEG ratio of 1.32 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 $50.75. The stock's fifty day moving average is $41.91 and its 200 day moving average is $39.47.

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 announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 2.25%. Cheesecake Factory's dividend payout ratio (DPR) is 41.06%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CAKE has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Cheesecake Factory from $38.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Stephens boosted their price objective 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. 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. UBS Group lifted their price target on shares of Cheesecake Factory from $32.00 to $36.00 and gave the company a "sell" rating in a research report on Friday, October 25th. Finally, Robert W. Baird upped their price objective on shares of Cheesecake Factory from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $44.75.

Cheesecake Factory Company 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.