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

The Cheesecake Factory Incorporated (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,415 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $44.20, for a total value of $106,743.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of The Cheesecake Factory Incorporated (CAKE) opened at $44.29 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2,028.75, a PE ratio of 16.23, a P/E/G ratio of 1.18 and a beta of 0.29. The Cheesecake Factory Incorporated has a 52-week low of $38.34 and a 52-week high of $67.14.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors 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 is Tuesday, November 14th. The Cheesecake Factory’s payout ratio is 42.80%.

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A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in The Cheesecake Factory by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock valued at $209,847,000 after acquiring an additional 146,756 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in The Cheesecake Factory by 54.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator’s stock valued at $103,504,000 after acquiring an additional 869,579 shares during the period. State Street Corp boosted its holdings in The Cheesecake Factory by 4.3% during the 2nd quarter. State Street Corp now owns 1,526,476 shares of the restaurant operator’s stock valued at $76,779,000 after acquiring an additional 63,301 shares during the period. Macquarie Group Ltd. boosted its holdings in The Cheesecake Factory by 7.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,453,386 shares of the restaurant operator’s stock valued at $61,216,000 after acquiring an additional 101,513 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in The Cheesecake Factory by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,322,377 shares of the restaurant operator’s stock valued at $55,698,000 after acquiring an additional 106,475 shares during the period. Institutional investors own 98.67% of the company’s stock.

CAKE has been the topic of a number of recent research reports. BidaskClub lowered The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Barclays PLC lowered their price objective on The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Wells Fargo & Company lowered their price objective on The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Nomura lowered their price objective on The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. Finally, Wedbush lowered The Cheesecake Factory from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $44.00 in a research report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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