Captrust Financial Advisors Has $218,000 Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Captrust Financial Advisors reduced its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.7% during the third quarter, Holdings Channel reports. The institutional investor owned 5,385 shares of the restaurant operator’s stock after selling 207 shares during the period. Captrust Financial Advisors’ holdings in Cheesecake Factory were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in Cheesecake Factory during the 3rd quarter worth approximately $973,000. Principal Financial Group Inc. raised its stake in Cheesecake Factory by 9.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after buying an additional 22,416 shares during the period. Victory Capital Management Inc. raised its stake in Cheesecake Factory by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after buying an additional 99,341 shares during the period. Dimensional Fund Advisors LP raised its stake in Cheesecake Factory by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator’s stock worth $48,772,000 after buying an additional 43,128 shares during the period. Finally, Earnest Partners LLC raised 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 worth $111,245,000 after buying an additional 76,578 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Citigroup boosted their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays boosted their price objective on Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wedbush boosted their price objective on Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.08.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $49.87 on Monday. The Cheesecake Factory Incorporated has a 12 month low of $31.24 and a 12 month high of $52.10. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The business’s 50 day simple moving average is $45.92 and its 200 day simple moving average is $41.15. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.37 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The firm had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.31 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were paid a $0.27 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. Cheesecake Factory’s dividend payout ratio is presently 41.06%.

Insider Activity at Cheesecake Factory

In related news, insider Keith Carango sold 13,095 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total value of $653,178.60. Following the transaction, the insider now owns 14,977 shares of the company’s stock, valued at $747,052.76. This represents a 46.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is owned by insiders.

About Cheesecake Factory

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.