Foundations Investment Advisors LLC Makes New Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Foundations Investment Advisors LLC bought a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,603 shares of the restaurant operator’s stock, valued at approximately $227,000.

A number of other hedge funds have also made changes to their positions in the stock. Inspire Investing LLC boosted its stake in Cheesecake Factory by 11.4% during the 3rd quarter. Inspire Investing LLC now owns 11,343 shares of the restaurant operator’s stock valued at $460,000 after acquiring an additional 1,158 shares during the last quarter. Creative Planning lifted its holdings in Cheesecake Factory by 39.9% during the 2nd quarter. Creative Planning now owns 10,135 shares of the restaurant operator’s stock worth $398,000 after buying an additional 2,892 shares during the last quarter. JCP Investment Management LLC acquired a new position in shares of Cheesecake Factory in the 2nd quarter worth approximately $5,149,000. Shellback Capital LP bought a new stake in shares of Cheesecake Factory in the 2nd quarter valued at approximately $1,120,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Cheesecake Factory by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,230 shares of the restaurant operator’s stock valued at $1,031,000 after acquiring an additional 2,684 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Ratings Changes

CAKE has been the subject of several recent research reports. Citigroup boosted their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays increased their price objective on shares of Cheesecake Factory from $35.00 to $38.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Bank of America lifted their target price on Cheesecake Factory from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price target on Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, UBS Group boosted their price objective on Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $41.67.

Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE opened at $42.04 on Friday. The Cheesecake Factory Incorporated has a 1 year low of $29.27 and a 1 year high of $43.51. 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 stock has a fifty day moving average price of $39.66 and a two-hundred day moving average price of $38.14. The firm has a market cap of $2.14 billion, a P/E ratio of 19.28, a PEG ratio of 1.13 and a beta of 1.49.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The firm had revenue of $904.04 million for the quarter, compared to analyst estimates of $909.19 million. During the same period in the previous year, the company earned $0.88 earnings per share. Cheesecake Factory’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that The Cheesecake Factory Incorporated will post 3.21 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 annualized dividend and a yield of 2.57%. Cheesecake Factory’s dividend payout ratio (DPR) is 49.54%.

Cheesecake Factory 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.