Amalgamated Bank Sells 432 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Amalgamated Bank lowered its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,905 shares of the restaurant operator’s stock after selling 432 shares during the period. Amalgamated Bank’s holdings in Cheesecake Factory were worth $564,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CAKE. Allspring Global Investments Holdings LLC increased its position in shares of Cheesecake Factory by 2,360.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 661 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cheesecake Factory by 276.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 1,064 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Cheesecake Factory in the 2nd quarter valued at $67,000. SG Americas Securities LLC bought a new stake in shares of Cheesecake Factory in the 1st quarter valued at $121,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Cheesecake Factory in the 1st quarter valued at $202,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th. Stephens upped their target price on shares of Cheesecake Factory from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. UBS Group upped their target price on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research note on Friday, October 25th. Finally, Wedbush upped their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $44.75.

Cheesecake Factory Trading Down 0.1 %

Cheesecake Factory stock opened at $48.06 on Friday. The firm has a 50-day moving average of $41.91 and a 200-day moving average of $39.43. The Cheesecake Factory Incorporated has a one year low of $30.96 and a one year high of $50.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.32 and a beta of 1.47.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company had revenue of $865.50 million during the quarter, compared to the consensus estimate of $866.13 million. During the same period in the prior year, the business posted $0.39 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that The Cheesecake Factory Incorporated will post 3.3 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 2.25%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 41.06%.

Insider Activity at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $747,052.76. This represents a 46.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.10% of the stock is currently owned by company insiders.

About Cheesecake Factory

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.