Lombard Odier Asset Management USA Corp Makes New $631,000 Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Lombard Odier Asset Management USA Corp bought a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 16,063 shares of the restaurant operator’s stock, valued at approximately $631,000.

Several other institutional investors have also modified their holdings of CAKE. Allspring Global Investments Holdings LLC raised its position in shares of Cheesecake Factory by 2,360.7% during 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 during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in Cheesecake Factory in the fourth quarter valued at $26,000. Quadrant Capital Group LLC lifted its stake in shares of Cheesecake Factory by 48.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 511 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,064 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Cheesecake Factory during the 2nd quarter worth $67,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Trading Down 1.2 %

Shares of CAKE stock opened at $38.73 on Monday. The Cheesecake Factory Incorporated has a twelve month low of $28.58 and a twelve month high of $41.33. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $37.89 and its two-hundred day moving average is $37.27. The company has a market capitalization of $1.97 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50.

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

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Wednesday, August 14th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 49.54%.

Wall Street Analyst Weigh In

A number of research firms have commented on CAKE. Robert W. Baird upped their target price on shares of Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. Barclays lifted their target price on shares of Cheesecake Factory from $32.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Cheesecake Factory in a research note on Thursday, August 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Cheesecake Factory in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.08.

Cheesecake Factory Company 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.