GSA Capital Partners LLP Makes New $395,000 Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

GSA Capital Partners LLP purchased a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 9,733 shares of the restaurant operator’s stock, valued at approximately $395,000.

A number of other institutional investors have also recently added to or reduced their stakes in CAKE. GAMMA Investing LLC raised its holdings in shares of Cheesecake Factory by 276.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 1,064 shares in the last quarter. nVerses Capital LLC bought a new position in Cheesecake Factory during the second quarter valued at about $67,000. SG Americas Securities LLC bought a new stake in shares of Cheesecake Factory during the 1st quarter worth about $121,000. Wealth Alliance acquired a new position in shares of Cheesecake Factory during the 2nd quarter valued at about $213,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Cheesecake Factory in the 1st quarter valued at approximately $202,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Down 0.4 %

NASDAQ CAKE opened at $46.43 on Friday. The Cheesecake Factory Incorporated has a twelve month low of $30.96 and a twelve month high of $50.75. 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 has a market cap of $2.37 billion, a PE ratio of 17.65, a PEG ratio of 1.28 and a beta of 1.47. The firm has a 50-day simple moving average of $42.74 and a 200 day simple moving average of $39.75.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data 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 analyst estimates 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 for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts forecast that The Cheesecake Factory Incorporated will post 3.3 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio is 41.06%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAKE shares. Robert W. Baird upped their target price on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup lifted their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stephens upped their price target 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. Finally, Wells Fargo & Company lifted their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.75.

Insider Activity

In other 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 value of $653,178.60. Following the sale, the insider now directly owns 14,977 shares in the company, valued at approximately $747,052.76. This represents a 46.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.