Janus Henderson Group PLC Sells 8,500 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Janus Henderson Group PLC reduced its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 32.1% during the third quarter, Holdings Channel reports. The firm owned 17,962 shares of the restaurant operator’s stock after selling 8,500 shares during the period. Janus Henderson Group PLC’s holdings in Cheesecake Factory were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Cheesecake Factory in the 2nd quarter valued at about $67,000. Wealth Alliance purchased a new stake in shares of Cheesecake Factory during the second quarter valued at approximately $213,000. Glenmede Trust Co. NA bought a new stake in Cheesecake Factory during the third quarter worth $223,000. Foundations Investment Advisors LLC purchased a new position in Cheesecake Factory in the third quarter worth $227,000. Finally, Commonwealth Equity Services LLC boosted its position in Cheesecake Factory by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 802 shares during the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE opened at $49.87 on Friday. 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 fifty-two week low of $31.24 and a fifty-two week high of $52.10. The stock has a market cap of $2.55 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The stock has a fifty day moving average of $45.92 and a 200-day moving average of $41.12.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The business had revenue of $865.50 million during the quarter, compared to analyst estimates of $866.13 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company 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 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio is presently 41.06%.

Analyst Ratings Changes

CAKE has been the topic of a number of recent analyst reports. Stephens lifted their target price on Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays lifted their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their price objective on Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a report on Friday, October 25th. 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 company. According to data from MarketBeat, Cheesecake Factory currently has an average rating of “Hold” and a consensus target price of $46.08.

Insider Buying and Selling at Cheesecake Factory

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

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.