Debby R. Zurzolo Sells 2,415 Shares of The Cheesecake Factory Incorporated (CAKE) Stock

The Cheesecake Factory Incorporated (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,415 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of The Cheesecake Factory Incorporated (CAKE) remained flat at $$44.31 during trading hours on Monday. The company had a trading volume of 1,160,000 shares, compared to its average volume of 1,086,922. The firm has a market capitalization of $2,028.75, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.18 and a beta of 0.29. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. equities research analysts forecast that The Cheesecake Factory Incorporated will post 2.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.

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Several large investors have recently modified their holdings of CAKE. Victory Capital Management Inc. boosted its stake in shares of The Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of The Cheesecake Factory by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of The Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of The Cheesecake Factory during the second quarter valued at approximately $205,000. Finally, LS Investment Advisors LLC boosted its stake in shares of The Cheesecake Factory by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after purchasing an additional 615 shares in the last quarter. 98.67% of the stock is currently owned by institutional investors and hedge funds.

CAKE has been the subject of a number of analyst reports. Nomura lowered their price target on shares of The Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, October 27th. TheStreet downgraded shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a report on Friday, August 25th. Maxim Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of The Cheesecake Factory in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $49.00 price target on shares of The Cheesecake Factory in a report on Friday, September 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 price target on shares of The Cheesecake Factory in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.24.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Insider Buying and Selling by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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