Deutsche Bank AG Buys 12,533 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Deutsche Bank AG increased its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,492 shares of the restaurant operator's stock after buying an additional 12,533 shares during the quarter. Deutsche Bank AG owned about 0.08% of Cheesecake Factory worth $1,921,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in Cheesecake Factory during the 4th quarter valued at approximately $56,288,000. Victory Capital Management Inc. grew its position in shares of Cheesecake Factory by 166.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,076,347 shares of the restaurant operator's stock worth $51,062,000 after buying an additional 673,076 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Cheesecake Factory by 322.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 382,383 shares of the restaurant operator's stock worth $18,140,000 after buying an additional 291,905 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Cheesecake Factory by 1,896.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 231,078 shares of the restaurant operator's stock worth $10,962,000 after buying an additional 219,505 shares during the last quarter. Finally, Ruffer LLP acquired a new stake in Cheesecake Factory in the fourth quarter valued at $9,401,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cheesecake Factory news, insider Keith Carango sold 50,500 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $55.12, for a total transaction of $2,783,560.00. Following the completion of the transaction, the insider now directly owns 20,774 shares in the company, valued at $1,145,062.88. This represents a 70.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew Eliot Clark sold 42,900 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $56.00, for a total value of $2,402,400.00. Following the sale, the chief financial officer now directly owns 40,878 shares of the company's stock, valued at $2,289,168. This represents a 51.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.

Cheesecake Factory Price Performance

CAKE traded up $0.48 during trading on Thursday, reaching $55.61. The stock had a trading volume of 1,361,334 shares, compared to its average volume of 1,197,186. The Cheesecake Factory Incorporated has a 1-year low of $33.50 and a 1-year high of $57.32. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The stock has a 50 day moving average of $50.18 and a two-hundred day moving average of $50.24. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.12. The business had revenue of $927.20 million during the quarter, compared to analysts' expectations of $927.17 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The company's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.94%. Cheesecake Factory's payout ratio is presently 33.86%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAKE shares. Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Cheesecake Factory in a report on Thursday, May 1st. Citigroup decreased their price target on shares of Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $45.00 to $50.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Finally, Barclays lowered their target price on Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Cheesecake Factory currently has a consensus rating of "Hold" and an average target price of $54.00.

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.