Swiss National Bank Purchases 600 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Swiss National Bank grew its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,100 shares of the restaurant operator’s stock after buying an additional 600 shares during the period. Swiss National Bank owned approximately 0.19% of Cheesecake Factory worth $4,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathstone Holdings LLC increased its position in Cheesecake Factory by 0.9% during the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock worth $1,522,000 after acquiring an additional 329 shares during the period. Intech Investment Management LLC bought a new position in shares of Cheesecake Factory during the third quarter worth approximately $723,000. Charles Schwab Investment Management Inc. raised its position in shares of Cheesecake Factory by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 597,901 shares of the restaurant operator’s stock valued at $24,245,000 after buying an additional 6,872 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Cheesecake Factory in the third quarter valued at approximately $223,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cheesecake Factory by 7.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,090 shares of the restaurant operator’s stock valued at $450,000 after buying an additional 749 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

Shares of CAKE opened at $51.20 on Tuesday. The stock has a market cap of $2.64 billion, a PE ratio of 16.00, a PEG ratio of 1.31 and a beta of 1.55. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The business has a 50-day simple moving average of $51.55 and a two-hundred day simple moving average of $47.30. The Cheesecake Factory Incorporated has a 12-month low of $33.05 and a 12-month high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The business had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. Analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.11%. Cheesecake Factory’s dividend payout ratio is 33.75%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. The Goldman Sachs Group upped their price objective on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Jefferies Financial Group raised their target price on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Oppenheimer raised shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.81.

Insider Buying and Selling

In related news, CFO Matthew Eliot Clark sold 29,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total value of $1,553,240.00. Following the sale, the chief financial officer now directly owns 39,856 shares in the company, valued at $2,134,687.36. This represents a 42.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David Overton sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now directly owns 3,092,147 shares of the company’s stock, valued at $164,131,162.76. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

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.