Glenmede Trust Co. NA Purchases Shares of 5,502 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Glenmede Trust Co. NA bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,502 shares of the restaurant operator’s stock, valued at approximately $223,000.

A number of other large investors have also recently bought and sold shares of the company. Earnest Partners LLC lifted its stake 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 valued at $111,245,000 after acquiring an additional 76,578 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $48,772,000 after purchasing an additional 43,128 shares during the last quarter. American Century Companies Inc. lifted its position 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 valued at $37,038,000 after purchasing an additional 223,497 shares during the period. William Blair Investment Management LLC boosted its holdings in Cheesecake Factory by 8.0% in the second quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock valued at $32,191,000 after purchasing an additional 60,545 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cheesecake Factory by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 597,901 shares of the restaurant operator’s stock worth $24,245,000 after purchasing an additional 6,872 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insider Buying and Selling at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the sale, the insider now owns 14,977 shares of the company’s stock, valued at approximately $747,052.76. The trade was a 46.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by company insiders.

Cheesecake Factory Trading Down 1.4 %

Shares of CAKE opened at $50.43 on Friday. The firm’s fifty day moving average is $44.66 and its two-hundred day moving average is $40.52. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.57 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The Cheesecake Factory Incorporated has a 52-week low of $31.24 and a 52-week high of $52.10.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The company had revenue of $865.50 million for the quarter, compared to analyst estimates of $866.13 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research 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 paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 41.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CAKE shares. StockNews.com cut Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Wells Fargo & Company upped their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on shares of 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. Finally, Robert W. Baird lifted their price objective on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.62.

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.