Landscape Capital Management L.L.C. Invests $2.78 Million 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. purchased a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Cheesecake Factory by 2.2% during the first quarter. Principal Financial Group Inc. now owns 274,877 shares of the restaurant operator's stock worth $13,376,000 after buying an additional 6,047 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Cheesecake Factory during the 1st quarter worth approximately $5,559,000. Foundry Partners LLC acquired a new position in Cheesecake Factory during the 1st quarter worth approximately $299,000. Informed Momentum Co LLC purchased a new stake in shares of Cheesecake Factory in the 1st quarter valued at approximately $3,023,000. Finally, Headlands Technologies LLC raised its holdings in shares of Cheesecake Factory by 50.6% in the 1st quarter. Headlands Technologies LLC now owns 33,703 shares of the restaurant operator's stock valued at $1,640,000 after purchasing an additional 11,318 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock traded down $0.58 during trading hours on Monday, hitting $61.46. 812,183 shares of the company were exchanged, compared to its average volume of 1,301,204. The Cheesecake Factory Incorporated has a 1 year low of $35.40 and a 1 year high of $69.70. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.46 and a beta of 1.10. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average of $63.09 and a 200-day moving average of $55.65.

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

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, August 12th. Cheesecake Factory's dividend payout ratio (DPR) is currently 33.23%.

Insider Transactions at Cheesecake Factory

In other news, Director Alexander L. Cappello sold 12,388 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $65.88, for a total value of $816,121.44. Following the transaction, the director owned 6,806 shares of the company's stock, valued at approximately $448,379.28. This trade represents a 64.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President David M. Gordon sold 43,335 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $63.06, for a total value of $2,732,705.10. Following the transaction, the president directly owned 24,532 shares in the company, valued at $1,546,987.92. This trade represents a 63.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,523 shares of company stock worth $4,654,643 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Raymond James Financial boosted their target price on shares of Cheesecake Factory from $70.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Morgan Stanley lifted their price target on Cheesecake Factory from $45.00 to $47.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $67.00 price objective (up from $66.00) on shares of Cheesecake Factory in a research report on Thursday, July 10th. Argus set a $60.00 target price on Cheesecake Factory in a research report on Wednesday, May 14th. Finally, Robert W. Baird set a $64.00 target price on Cheesecake Factory and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Cheesecake Factory currently has an average rating of "Hold" and a consensus target price of $61.94.

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.