Cheesecake Factory Inc (NASDAQ:CAKE) VP Debby R. Zurzolo sold 300 shares of the businesss stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $62.84, for a total value of $18,852.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Debby R. Zurzolo also recently made the following trade(s):
Cheesecake Factory Inc (NASDAQ:CAKE) traded up 0.97% during midday trading on Wednesday, reaching $62.21. The companys stock had a trading volume of 524,841 shares. The firm has a market capitalization of $2.85 billion, a P/E ratio of 21.98 and a beta of 0.20. Cheesecake Factory Inc has a 52 week low of $46.93 and a 52 week high of $65.09. The companys 50-day moving average is $62.18 and its 200 day moving average is $59.00.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, February 22nd. The restaurant operator reported $0.67 EPS for the quarter, hitting the Thomson Reuters consensus estimate of $0.67. The firm earned $603.10 million during the quarter, compared to analysts expectations of $595.82 million. Cheesecake Factory had a net margin of 6.11% and a return on equity of 22.76%. Cheesecake Factorys revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Analysts expect that Cheesecake Factory Inc will post $3.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Wednesday, March 8th were paid a $0.24 dividend. The ex-dividend date was Monday, March 6th. This represents a $0.96 annualized dividend and a yield of 1.54%. Cheesecake Factorys payout ratio is currently 35.56%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Cheesecake Factory from a sell rating to a hold rating in a report on Tuesday, April 4th. Canaccord Genuity reissued a hold rating and issued a $54.00 price objective on shares of Cheesecake Factory in a report on Friday, February 10th. Jefferies Group LLC cut Cheesecake Factory from a hold rating to an underperform rating and set a $51.00 price objective for the company. in a report on Wednesday, January 4th. Finally, Telsey Advisory Group upped their price target on Cheesecake Factory from $61.00 to $66.00 and gave the stock an outperform rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $58.17.
A number of hedge funds have recently added to or reduced their stakes in CAKE. Mutual of America Capital Management LLC boosted its stake in Cheesecake Factory by 2.9% in the third quarter. Mutual of America Capital Management LLC now owns 34,076 shares of the restaurant operators stock valued at $1,706,000 after buying an additional 974 shares during the last quarter. LSV Asset Management purchased a new stake in Cheesecake Factory during the third quarter valued at approximately $13,846,000. Bessemer Group Inc. boosted its stake in Cheesecake Factory by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 441,927 shares of the restaurant operators stock valued at $26,462,000 after buying an additional 2,186 shares during the last quarter. Outfitter Advisors LTD. boosted its stake in Cheesecake Factory by 5.3% in the third quarter. Outfitter Advisors LTD. now owns 58,120 shares of the restaurant operators stock valued at $2,909,000 after buying an additional 2,920 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Cheesecake Factory by 6.9% in the third quarter. Sei Investments Co. now owns 45,768 shares of the restaurant operators stock valued at $2,291,000 after buying an additional 2,949 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Companys segments include The Cheesecake Factory restaurants, and other.
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