Captrust Financial Advisors Sells 207 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Captrust Financial Advisors lowered its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,385 shares of the restaurant operator’s stock after selling 207 shares during the quarter. Captrust Financial Advisors’ holdings in Cheesecake Factory were worth $218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Cheesecake Factory during the second quarter valued at $67,000. Wealth Alliance bought a new position in shares of Cheesecake Factory during the second quarter worth about $213,000. Glenmede Trust Co. NA bought a new position in shares of Cheesecake Factory during the third quarter worth about $223,000. Foundations Investment Advisors LLC bought a new position in shares of Cheesecake Factory during the third quarter worth about $227,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Cheesecake Factory by 13.4% during the second quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator’s stock worth $266,000 after buying an additional 802 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Analyst Upgrades and Downgrades

CAKE has been the subject of a number of research reports. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. The Goldman Sachs Group initiated coverage on Cheesecake Factory in a research note on Thursday, December 5th. They issued a “buy” rating and a $56.00 price target for the company. Citigroup raised their price target on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their price target on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price target on Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.08.

Cheesecake Factory Trading Down 0.2 %

Shares of CAKE opened at $49.87 on Monday. The Cheesecake Factory Incorporated has a 52-week low of $31.24 and a 52-week high of $52.10. The business’s fifty day moving average is $45.92 and its 200-day moving average is $41.15. 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 firm has a market cap of $2.55 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.37 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last announced its 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. The firm had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.31 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 13th. Cheesecake Factory’s payout ratio is presently 41.06%.

Insiders Place Their Bets

In other news, insider Keith Carango sold 13,095 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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. The trade was a 46.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.10% of the company’s stock.

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.