Landscape Capital Management L.L.C. Takes Position in The Cheesecake Factory Incorporated $CAKE

Key Points

• Landscape Capital Management L.L.C. has acquired 57,160 shares of The Cheesecake Factory, valued at approximately $2.78 million, representing about 0.12% ownership of the company.
• Several analysts have given mixed reviews on Cheesecake Factory's stock, with price targets ranging from $45 to $73, and a consensus target price of **$61.94** following seven Buy ratings and four Sell ratings.
• The Cheesecake Factory recently announced a quarterly dividend of $0.27 per share, which represents an annual yield of 1.7% and a payout ratio of 33.23%.

Landscape Capital Management L.L.C. acquired a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,160 shares of the restaurant operator's stock, valued at approximately $2,781,000. Landscape Capital Management L.L.C. owned 0.12% of Cheesecake Factory as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CAKE. CreativeOne Wealth LLC acquired a new stake in shares of Cheesecake Factory in the first quarter valued at $313,000. Oliver Luxxe Assets LLC purchased a new position in Cheesecake Factory in the first quarter worth approximately $2,054,000. Smartleaf Asset Management LLC grew its holdings in Cheesecake Factory by 24.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,268 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 640 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Cheesecake Factory in the 1st quarter valued at approximately $328,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Cheesecake Factory during the 1st quarter worth $517,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Performance

Shares of CAKE stock traded up $0.71 during trading hours on Wednesday, reaching $61.80. 177,659 shares of the company's stock were exchanged, compared to its average volume of 1,438,289. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.51 and a quick ratio of 0.42. The company's 50 day moving average is $63.14 and its two-hundred day moving average is $55.74. The company has a market cap of $3.08 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The Cheesecake Factory Incorporated has a 1 year low of $35.40 and a 1 year high of $69.70.

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

Cheesecake Factory Dividend Announcement

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

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, Director Alexander L. Cappello sold 12,388 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $65.88, for a total transaction of $816,121.44. Following the transaction, the director owned 6,806 shares of the company's stock, valued at $448,379.28. This trade represents a 64.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scarlett May sold 18,800 shares of Cheesecake Factory stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $58.82, for a total transaction of $1,105,816.00. Following the transaction, the executive vice president directly owned 22,872 shares in the company, valued at approximately $1,345,331.04. This trade represents a 45.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,523 shares of company stock worth $4,654,643 in the last 90 days. 8.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CAKE shares. Robert W. Baird set a $64.00 price target on Cheesecake Factory and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Bank of America boosted their target price on Cheesecake Factory from $61.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Raymond James Financial upped their price target on Cheesecake Factory from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, August 15th. JPMorgan Chase & Co. upped their target price 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, Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $61.94.

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.