Cheesecake Factory Inc (CAKE) Shares Bought by Carillon Tower Advisers Inc.

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Carillon Tower Advisers Inc. grew its holdings in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 11.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 74,664 shares of the restaurant operator’s stock after acquiring an additional 7,575 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Cheesecake Factory were worth $3,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama increased its stake in shares of Cheesecake Factory by 0.4% during the first quarter. Retirement Systems of Alabama now owns 54,295 shares of the restaurant operator’s stock valued at $2,656,000 after buying an additional 212 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Cheesecake Factory by 4.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,713 shares of the restaurant operator’s stock valued at $466,000 after buying an additional 428 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Cheesecake Factory by 3.4% during the first quarter. Meeder Asset Management Inc. now owns 15,337 shares of the restaurant operator’s stock valued at $750,000 after buying an additional 504 shares during the period. OLD Dominion Capital Management Inc. increased its stake in shares of Cheesecake Factory by 1.8% during the fourth quarter. OLD Dominion Capital Management Inc. now owns 33,580 shares of the restaurant operator’s stock valued at $1,461,000 after buying an additional 600 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Cheesecake Factory by 2.9% during the fourth quarter. Texas Permanent School Fund now owns 27,293 shares of the restaurant operator’s stock valued at $1,188,000 after buying an additional 764 shares during the period. 98.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CAKE stock opened at $47.23 on Thursday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 19.44, a PEG ratio of 1.38 and a beta of 0.35. Cheesecake Factory Inc has a twelve month low of $41.63 and a twelve month high of $60.19. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.26 and a current ratio of 0.35.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, May 1st. The restaurant operator reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The business had revenue of $599.48 million for the quarter, compared to the consensus estimate of $603.03 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Cheesecake Factory Inc will post 2.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Thursday, May 16th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, May 15th. Cheesecake Factory’s dividend payout ratio (DPR) is 54.32%.

In other Cheesecake Factory news, insider Cheryl Slomann sold 1,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.36, for a total value of $46,360.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edie A. Ames bought 700 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $47.18 per share, for a total transaction of $33,026.00. Following the completion of the acquisition, the director now directly owns 3,130 shares of the company’s stock, valued at approximately $147,673.40. The disclosure for this purchase can be found here. Insiders acquired 3,326 shares of company stock worth $160,309 over the last three months. Corporate insiders own 8.50% of the company’s stock.

CAKE has been the topic of several recent research reports. BidaskClub cut Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Maxim Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Cheesecake Factory in a research note on Friday, February 15th. Bank of America reaffirmed a “neutral” rating and issued a $50.00 price target (down from $56.00) on shares of Cheesecake Factory in a research note on Thursday, February 21st. Wedbush reaffirmed a “hold” rating and issued a $48.00 price target on shares of Cheesecake Factory in a research note on Thursday, April 18th. Finally, TheStreet raised Cheesecake Factory from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.67.

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Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Institutional Ownership by Quarter for Cheesecake Factory (NASDAQ:CAKE)

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