The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,660 shares of the restaurant operator’s stock after buying an additional 4,053 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Cheesecake Factory worth $3,149,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC acquired a new stake in Cheesecake Factory during the third quarter valued at $227,000. Inspire Investing LLC boosted its stake in shares of Cheesecake Factory by 11.4% during the 3rd quarter. Inspire Investing LLC now owns 11,343 shares of the restaurant operator’s stock worth $460,000 after acquiring an additional 1,158 shares in the last quarter. Creative Planning grew its position in shares of Cheesecake Factory by 39.9% during the 2nd quarter. Creative Planning now owns 10,135 shares of the restaurant operator’s stock valued at $398,000 after acquiring an additional 2,892 shares during the period. JCP Investment Management LLC acquired a new stake in shares of Cheesecake Factory during the 2nd quarter valued at about $5,149,000. Finally, Shellback Capital LP purchased a new position in shares of Cheesecake Factory in the 2nd quarter valued at about $1,120,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CAKE shares. UBS Group raised 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. Robert W. Baird lifted their price target on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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 research report on Wednesday, October 30th. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Cheesecake Factory from a “hold” rating to a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.17.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock opened at $47.30 on Friday. The business’s 50 day moving average price is $40.84 and its 200 day moving average price is $38.87. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.25 and a beta of 1.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The Cheesecake Factory Incorporated has a one year low of $30.04 and a one year high of $50.75.

Cheesecake Factory (NASDAQ:CAKE) last posted 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. Cheesecake Factory had a return on equity of 45.66% and a net margin of 3.63%. The business had revenue of $865.50 million for 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. On average, research analysts predict that The Cheesecake Factory Incorporated will post 3.3 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.08 annualized dividend and a dividend yield of 2.28%. Cheesecake Factory’s dividend payout ratio (DPR) is 41.06%.

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.