XTX Topco Ltd Makes New Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

XTX Topco Ltd acquired a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 15,491 shares of the restaurant operator’s stock, valued at approximately $628,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CAKE. American Century Companies Inc. boosted 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 last quarter. JCP Investment Management LLC acquired a new stake in shares of Cheesecake Factory in the 2nd quarter valued at approximately $5,149,000. Victory Capital Management Inc. boosted its holdings in shares of Cheesecake Factory by 32.7% in the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock valued at $16,353,000 after buying an additional 99,341 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Cheesecake Factory by 2.8% in the second quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock valued at $111,245,000 after buying an additional 76,578 shares in the last quarter. Finally, State Street Corp increased its holdings in Cheesecake Factory by 3.7% during the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock worth $76,084,000 after buying an additional 67,550 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

CAKE has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price target on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Bank of America raised their price objective on Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. UBS Group boosted their target price on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a report on Friday, October 25th. Finally, Stephens raised their price target on Cheesecake Factory from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday. Three equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.08.

Cheesecake Factory Trading Down 0.2 %

CAKE stock opened at $49.96 on Friday. The Cheesecake Factory Incorporated has a 52 week low of $31.24 and a 52 week high of $52.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The company’s 50-day simple moving average is $45.77 and its 200 day simple moving average is $41.01. The company has a market capitalization of $2.55 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $865.50 million for the quarter, compared to analyst estimates of $866.13 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were issued a $0.27 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 2.16%. Cheesecake Factory’s dividend payout ratio is presently 41.06%.

Cheesecake Factory 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.