Pathstone Holdings LLC Buys 329 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Pathstone Holdings LLC lifted its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,540 shares of the restaurant operator’s stock after purchasing an additional 329 shares during the period. Pathstone Holdings LLC’s holdings in Cheesecake Factory were worth $1,522,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 1,064 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Cheesecake Factory during the 2nd quarter valued at approximately $67,000. Wealth Alliance bought a new position in Cheesecake Factory in the 2nd quarter worth approximately $213,000. Foundations Investment Advisors LLC purchased a new position in Cheesecake Factory in the 3rd quarter valued at approximately $227,000. Finally, Commonwealth Equity Services LLC raised its holdings in Cheesecake Factory by 13.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 802 shares during the period. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $49.74 on Friday. The Cheesecake Factory Incorporated has a 1-year low of $30.96 and a 1-year high of $50.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The business has a 50 day moving average of $43.59 and a 200 day moving average of $40.15. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.34 and a beta of 1.47.

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

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.17%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 41.06%.

Insider Transactions at Cheesecake Factory

In related news, insider Keith Carango sold 13,095 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,977 shares in the company, valued at $747,052.76. This trade represents a 46.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, August 6th. UBS Group lifted their target price on Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a report on Friday, October 25th. Stephens increased their price target on shares of Cheesecake Factory from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective 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. Finally, Wedbush increased their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and a consensus target price of $44.75.

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.