The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 142.5% in the second quarter, HoldingsChannel reports. The firm owned 29,062 shares of the restaurant operator’s stock after buying an additional 17,079 shares during the period. Maverick Capital Ltd.’s holdings in Cheesecake Factory were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CAKE. Norges Bank purchased a new position in shares of Cheesecake Factory during the 4th quarter valued at about $11,729,000. American Century Companies Inc. grew its holdings in Cheesecake Factory by 31.1% during the second 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. Earnest Partners LLC raised its position in Cheesecake Factory by 2.8% during the second quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock valued at $111,245,000 after acquiring an additional 76,578 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Cheesecake Factory in the fourth quarter valued at approximately $2,532,000. Finally, William Blair Investment Management LLC boosted its position in Cheesecake Factory by 8.0% in the 2nd quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock worth $32,191,000 after purchasing an additional 60,545 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAKE has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Barclays increased their target price on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Stephens restated an “overweight” rating and set a $50.00 target price on shares of Cheesecake Factory in a research report on Thursday, August 1st. Finally, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Cheesecake Factory in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $40.08.

Cheesecake Factory Stock Down 3.2 %

NASDAQ CAKE opened at $39.80 on Friday. The Cheesecake Factory Incorporated has a one year low of $28.58 and a one year high of $41.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The business has a fifty day moving average price of $37.94 and a 200 day moving average price of $37.38. The company has a market cap of $2.03 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.14 and a beta of 1.50.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business had revenue of $904.04 million during the quarter, compared to analysts’ expectations of $909.19 million. During the same period in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that The Cheesecake Factory Incorporated will post 3.21 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.71%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 49.54%.

Cheesecake Factory Company 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.