5,326 Shares in The Cheesecake Factory Incorporated $CAKE Purchased by White Wing Wealth Management

Key Points

• White Wing Wealth Management acquired a new stake in The Cheesecake Factory, purchasing 5,326 shares valued at approximately $334,000, making it the 25th largest position in their portfolio.
• Several institutional investors, including Deutsche Bank AG and Janus Henderson Group PLC, have significantly increased their holdings in Cheesecake Factory by as much as 44.8% in the recent quarters.
• The Cheesecake Factory reported a quarterly earnings per share (EPS) of $1.16, surpassing expectations, with a planned annual dividend yielding 2.0% declared recently.

White Wing Wealth Management bought a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 5,326 shares of the restaurant operator's stock, valued at approximately $334,000. Cheesecake Factory accounts for approximately 0.2% of White Wing Wealth Management's investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas purchased a new position in shares of Cheesecake Factory in the first quarter valued at about $49,000. Golden State Wealth Management LLC boosted its stake in shares of Cheesecake Factory by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,060 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 530 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Cheesecake Factory by 38.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,244 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 346 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Cheesecake Factory during the 1st quarter valued at about $72,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Cheesecake Factory by 24.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,268 shares of the restaurant operator's stock valued at $162,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company's stock.

Wall Street Analyst Weigh In

CAKE has been the topic of a number of research reports. Barclays lifted their target price on shares of Cheesecake Factory from $57.00 to $62.00 and gave the company an "underweight" rating in a research note on Wednesday, July 30th. UBS Group boosted their price objective on shares of Cheesecake Factory from $45.00 to $50.00 and gave the stock a "sell" rating in a research note on Friday, July 18th. Oppenheimer upped their price target on Cheesecake Factory from $65.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price target on Cheesecake Factory from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial upped their price target on Cheesecake Factory from $70.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Seven equities research 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $61.94.

Cheesecake Factory Stock Down 1.0%

Shares of NASDAQ CAKE traded down $0.54 during midday trading on Friday, hitting $54.58. The stock had a trading volume of 2,053,953 shares, compared to its average volume of 1,186,171. The business's 50 day moving average is $61.66 and its 200-day moving average is $56.14. The company has a market cap of $2.72 billion, a P/E ratio of 16.79, a PEG ratio of 1.30 and a beta of 1.10. The Cheesecake Factory Incorporated has a 52 week low of $38.40 and a 52 week high of $69.70. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.40.

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

Cheesecake Factory Dividend Announcement

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. The ex-dividend date was Tuesday, August 12th. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. Cheesecake Factory's dividend payout ratio is 33.23%.

Insider Buying and Selling

In related news, President David M. Gordon sold 43,335 shares of the 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 transaction, the president owned 24,532 shares in the company, valued at $1,546,987.92. This represents a 63.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at approximately $448,379.28. This trade represents a 64.54% decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.

Cheesecake Factory 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.