10,623 Shares in The Cheesecake Factory Incorporated $CAKE Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has purchased 10,623 shares of The Cheesecake Factory, valued at approximately $517,000, reflecting confidence from institutional investors in the company.
• The Cheesecake Factory reported $1.16 EPS for the last quarter, beating analyst expectations and achieving a revenue of $955.83 million, which is a year-over-year increase of 5.7%.
• The company has declared a quarterly dividend of $0.27 per share, representing an annual yield of 1.7% and a dividend payout ratio of 33.23%.

EntryPoint Capital LLC bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,623 shares of the restaurant operator's stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Cheesecake Factory by 156.7% during the 1st quarter. Wellington Management Group LLP now owns 3,045,705 shares of the restaurant operator's stock worth $148,204,000 after acquiring an additional 1,859,194 shares in the last quarter. American Century Companies Inc. grew its holdings in Cheesecake Factory by 17.7% during the 1st quarter. American Century Companies Inc. now owns 1,604,626 shares of the restaurant operator's stock worth $78,081,000 after acquiring an additional 241,575 shares in the last quarter. Informed Momentum Co LLC bought a new position in Cheesecake Factory during the 1st quarter worth about $3,023,000. Public Sector Pension Investment Board grew its holdings in Cheesecake Factory by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 148,961 shares of the restaurant operator's stock worth $7,248,000 after acquiring an additional 31,715 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Cheesecake Factory by 83.5% during the 1st quarter. Invesco Ltd. now owns 2,591,205 shares of the restaurant operator's stock worth $126,088,000 after acquiring an additional 1,178,722 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Stock Up 0.2%

CAKE stock opened at $62.08 on Wednesday. The firm has a 50 day moving average of $62.56 and a 200 day moving average of $55.20. The stock has a market capitalization of $3.09 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.40. The Cheesecake Factory Incorporated has a 52 week low of $35.40 and a 52 week high of $69.70.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its earnings results on Tuesday, July 29th. The restaurant operator reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.10. The company had revenue of $955.83 million during the quarter, compared to analysts' expectations of $945.82 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 45.92%. Cheesecake Factory's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. Cheesecake Factory's dividend payout ratio (DPR) is currently 33.23%.

Wall Street Analyst Weigh In

CAKE has been the topic of several recent research reports. Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Cheesecake Factory in a report on Thursday, May 1st. The Goldman Sachs Group restated a "neutral" rating and issued a $67.00 price target (up from $66.00) on shares of Cheesecake Factory in a report on Thursday, July 10th. Barclays raised their price target on shares of Cheesecake Factory from $57.00 to $62.00 and gave the company an "underweight" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Cheesecake Factory from $50.00 to $58.00 and gave the company an "underweight" rating in a report on Wednesday, June 25th. Finally, Oppenheimer raised their price target on shares of Cheesecake Factory from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Cheesecake Factory currently has an average rating of "Hold" and an average price target of $61.94.

Insider Activity at Cheesecake Factory

In other news, President David M. Gordon sold 43,335 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $63.06, for a total transaction of $2,732,705.10. Following the completion of the transaction, the president directly owned 24,532 shares of the company's stock, valued at $1,546,987.92. The trade was a 63.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith Carango sold 50,500 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $55.12, for a total transaction of $2,783,560.00. Following the transaction, the insider directly owned 20,774 shares of the company's stock, valued at approximately $1,145,062.88. This trade represents a 70.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,723 shares of company stock worth $11,005,819 in the last ninety days. 8.10% of the stock is owned by company insiders.

Cheesecake Factory Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.