The Cheesecake Factory (CAKE) Holdings Cut by Teachers Advisors LLC

Teachers Advisors LLC cut its stake in The Cheesecake Factory (NASDAQ:CAKE) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 78,354 shares of the restaurant operator’s stock after selling 1,379 shares during the quarter. Teachers Advisors LLC’s holdings in The Cheesecake Factory were worth $3,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of The Cheesecake Factory by 8.7% in the third quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock worth $3,137,000 after acquiring an additional 5,938 shares during the last quarter. Stifel Financial Corp increased its stake in shares of The Cheesecake Factory by 33.4% in the third quarter. Stifel Financial Corp now owns 79,701 shares of the restaurant operator’s stock worth $3,352,000 after acquiring an additional 19,944 shares during the last quarter. Atria Investments LLC acquired a new position in shares of The Cheesecake Factory in the fourth quarter worth $255,000. AXA increased its stake in shares of The Cheesecake Factory by 22.6% in the third quarter. AXA now owns 143,600 shares of the restaurant operator’s stock worth $6,048,000 after acquiring an additional 26,500 shares during the last quarter. Finally, Dean Investment Associates LLC acquired a new position in shares of The Cheesecake Factory in the fourth quarter worth $3,735,000. 97.62% of the stock is currently owned by institutional investors and hedge funds.

CAKE stock opened at $50.71 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.42. The Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a market cap of $2,342.72, a price-to-earnings ratio of 19.71, a PEG ratio of 1.30 and a beta of 0.29.



The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. equities analysts anticipate that The Cheesecake Factory will post 2.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 27th. The Cheesecake Factory’s dividend payout ratio (DPR) is 44.62%.

In other The Cheesecake Factory news, insider Cheryl Slomann sold 5,500 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $49.87, for a total transaction of $274,285.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is owned by corporate insiders.

CAKE has been the topic of a number of research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 price target on shares of The Cheesecake Factory in a research note on Monday, January 8th. Barclays increased their target price on shares of The Cheesecake Factory from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Piper Jaffray increased their target price on shares of The Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, BidaskClub raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.18.

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About The Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Want to see what other hedge funds are holding CAKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cheesecake Factory (NASDAQ:CAKE).

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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