Atria Investments Inc Has $368,000 Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Atria Investments Inc lifted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,074 shares of the restaurant operator’s stock after purchasing an additional 689 shares during the period. Atria Investments Inc’s holdings in Cheesecake Factory were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Earnest Partners LLC grew its holdings in Cheesecake Factory by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock worth $111,245,000 after acquiring an additional 76,578 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cheesecake Factory by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator’s stock worth $48,772,000 after acquiring an additional 43,128 shares during the period. American Century Companies Inc. grew its holdings in Cheesecake Factory by 31.1% during the 2nd quarter. American Century Companies Inc. now owns 942,694 shares of the restaurant operator’s stock worth $37,038,000 after acquiring an additional 223,497 shares during the period. William Blair Investment Management LLC grew its holdings in Cheesecake Factory by 8.0% during the 2nd quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock worth $32,191,000 after acquiring an additional 60,545 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Cheesecake Factory by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 530,497 shares of the restaurant operator’s stock worth $20,843,000 after acquiring an additional 3,872 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

CAKE opened at $46.43 on Friday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.28 and a beta of 1.47. 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 firm has a 50-day moving average price of $42.74 and a 200-day moving average price of $39.75. The Cheesecake Factory Incorporated has a twelve month low of $30.96 and a twelve month high of $50.75.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $866.13 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. Cheesecake Factory’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that The Cheesecake Factory Incorporated will post 3.3 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 2.33%. Cheesecake Factory’s payout ratio is currently 41.06%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CAKE. StockNews.com raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price target on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. UBS Group boosted their price objective on shares of Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a research report on Friday, October 25th. Finally, Stephens boosted their price objective on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Three equities 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.75.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total value of $653,178.60. Following the completion of the transaction, the insider now directly owns 14,977 shares in the company, valued at approximately $747,052.76. This represents a 46.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is currently owned by corporate 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.