XTX Topco Ltd Takes Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

XTX Topco Ltd bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,491 shares of the restaurant operator's stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAKE. Leeward Investments LLC MA grew its position in Cheesecake Factory by 5.6% in the second quarter. Leeward Investments LLC MA now owns 230,535 shares of the restaurant operator's stock valued at $9,058,000 after acquiring an additional 12,213 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Cheesecake Factory by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator's stock valued at $927,000 after acquiring an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cheesecake Factory by 7.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,341 shares of the restaurant operator's stock valued at $406,000 after acquiring an additional 715 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Cheesecake Factory by 13.4% during the 2nd 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 during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Cheesecake Factory during the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

CAKE has been the subject of several research analyst reports. Bank of America increased their target price on Cheesecake Factory from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. UBS Group increased their target price on Cheesecake Factory from $32.00 to $36.00 and gave the company a "sell" rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on Cheesecake Factory from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com cut Cheesecake Factory from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, Wedbush increased their target price on Cheesecake Factory from $52.00 to $59.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $46.08.

Cheesecake Factory Stock Performance

CAKE stock traded down $0.09 during mid-day trading on Friday, reaching $49.87. The company had a trading volume of 869,463 shares, compared to its average volume of 978,199. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2.55 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.37 and a beta of 1.48. The Cheesecake Factory Incorporated has a one year low of $31.24 and a one year high of $52.10. The stock's 50-day simple moving average is $45.77 and its two-hundred day simple moving average is $41.01.

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, beating analysts' consensus estimates of $0.47 by $0.11. The company 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 firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Research analysts anticipate that The Cheesecake Factory Incorporated will post 3.31 EPS for the current year.

Cheesecake Factory Dividend Announcement

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

Insider Buying and Selling at Cheesecake Factory

In other 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 transaction of $653,178.60. Following the transaction, the insider now directly owns 14,977 shares of the company's stock, valued at approximately $747,052.76. This trade represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.10% of the stock is currently owned by company insiders.

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.