Stifel Financial Corp Has $3.35 Million Holdings in The Cheesecake Factory Incorporated (CAKE)

Stifel Financial Corp grew its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 33.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,701 shares of the restaurant operator’s stock after buying an additional 19,944 shares during the period. Stifel Financial Corp owned approximately 0.17% of The Cheesecake Factory worth $3,352,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after buying an additional 482 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of The Cheesecake Factory by 105.5% in the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,793 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of The Cheesecake Factory in the second quarter worth about $205,000. BlueMountain Capital Management LLC acquired a new stake in shares of The Cheesecake Factory in the second quarter worth about $243,000. Finally, Advisors Asset Management Inc. lifted its position in shares of The Cheesecake Factory by 7.1% in the second quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock worth $243,000 after buying an additional 320 shares during the last quarter. 97.55% of the stock is owned by institutional investors.

In other news, Director Herbert Simon purchased 25,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Debby R. Zurzolo sold 2,415 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $44.20, for a total value of $106,743.00. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by insiders.

The Cheesecake Factory Incorporated (CAKE) opened at $47.62 on Tuesday. The Cheesecake Factory Incorporated has a 12-month low of $38.34 and a 12-month high of $67.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. The firm has a market capitalization of $2,162.43, a PE ratio of 17.30, a P/E/G ratio of 1.26 and a beta of 0.33.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. During the same period in the prior year, the firm posted $0.70 EPS. The Cheesecake Factory’s revenue for the quarter was down .8% on a year-over-year basis. analysts forecast that The Cheesecake Factory Incorporated will post 2.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.44%. The Cheesecake Factory’s dividend payout ratio is presently 42.80%.

A number of analysts have weighed in on the company. Canaccord Genuity reduced their price target on The Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, November 2nd. Maxim Group reduced their price target on The Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Zacks Investment Research raised The Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Nomura reduced their price target on The Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Morgan Stanley reduced their price target on The Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Two investment 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 Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $48.00.

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The Cheesecake Factory Profile

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.

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

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