GSA Capital Partners LLP Invests $395,000 in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

GSA Capital Partners LLP purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,733 shares of the restaurant operator’s stock, valued at approximately $395,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in shares of Cheesecake Factory by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 13,593 shares of the restaurant operator’s stock worth $534,000 after purchasing an additional 337 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Cheesecake Factory by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator’s stock valued at $927,000 after buying an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Cheesecake Factory by 2.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator’s stock worth $937,000 after purchasing an additional 532 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Cheesecake Factory by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 9,608 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 537 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Cheesecake Factory by 8.2% during the 3rd quarter. Atria Investments Inc now owns 9,074 shares of the restaurant operator’s stock valued at $368,000 after purchasing an additional 689 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE opened at $46.43 on Friday. The Cheesecake Factory Incorporated has a 1 year low of $30.96 and a 1 year high of $50.75. The firm has a market cap of $2.37 billion, a P/E ratio of 17.65, a PEG ratio of 1.28 and a beta of 1.47. The stock has a fifty day moving average price of $42.74 and a two-hundred day moving average price of $39.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

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

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. Cheesecake Factory’s payout ratio is currently 41.06%.

Insider Buying and Selling

In related news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction on 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 in the company, valued at $747,052.76. The trade was a 46.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CAKE shares. StockNews.com raised Cheesecake Factory from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup increased their price objective on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Wells Fargo & Company boosted their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheesecake Factory presently has a consensus rating of “Hold” and an average target price of $44.75.

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.