Pathstone Holdings LLC Has $1.52 Million Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Pathstone Holdings LLC boosted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,540 shares of the restaurant operator’s stock after purchasing an additional 329 shares during the period. Pathstone Holdings LLC owned about 0.07% of Cheesecake Factory worth $1,522,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Quest Partners LLC acquired a new position in shares of Cheesecake Factory in the 3rd quarter worth approximately $973,000. Principal Financial Group Inc. raised its stake in Cheesecake Factory by 9.6% during the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after buying an additional 22,416 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Cheesecake Factory by 32.7% in the third quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock valued at $16,353,000 after buying an additional 99,341 shares during the period. Dimensional Fund Advisors LP boosted its position in Cheesecake Factory by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator’s stock valued at $48,772,000 after acquiring an additional 43,128 shares during the last quarter. Finally, 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. 94.48% of the stock is owned by institutional investors.

Insider Transactions at Cheesecake Factory

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 transaction of $653,178.60. Following the sale, the insider now directly owns 14,977 shares in the company, valued at approximately $747,052.76. This trade represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CAKE shares. Barclays boosted their price objective on Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Bank of America increased their price target on Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Wedbush raised their price target on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Cheesecake Factory has an average rating of “Hold” and a consensus price target of $44.75.

Cheesecake Factory Stock Up 1.8 %

Shares of NASDAQ:CAKE opened at $49.74 on Friday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.34 and a beta of 1.47. The business’s 50 day moving average is $43.59 and its 200 day moving average is $40.15. The Cheesecake Factory Incorporated has a 12-month low of $30.96 and a 12-month high of $50.75. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $865.50 million during the quarter, compared to analyst estimates of $866.13 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.3 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

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

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.