Swiss National Bank Increases Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Swiss National Bank raised its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,500 shares of the restaurant operator’s stock after purchasing an additional 800 shares during the quarter. Swiss National Bank owned 0.22% of Cheesecake Factory worth $3,599,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. AXA S.A. acquired a new position in Cheesecake Factory during the 3rd quarter valued at approximately $1,344,000. Factorial Partners LLC raised its stake in Cheesecake Factory by 1.7% during the 3rd quarter. Factorial Partners LLC now owns 30,500 shares of the restaurant operator’s stock valued at $893,000 after acquiring an additional 500 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Cheesecake Factory by 123.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 112,218 shares of the restaurant operator’s stock valued at $3,284,000 after acquiring an additional 62,032 shares in the last quarter. Connable Office Inc. bought a new stake in Cheesecake Factory during the 4th quarter valued at $269,000. Finally, Comerica Bank raised its stake in Cheesecake Factory by 4.8% during the 4th quarter. Comerica Bank now owns 317,037 shares of the restaurant operator’s stock valued at $12,009,000 after acquiring an additional 14,515 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup lifted their target price on Cheesecake Factory from $35.00 to $36.00 in a research note on Thursday, May 11th. Stephens boosted their price objective on Cheesecake Factory from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. StockNews.com began coverage on Cheesecake Factory in a report on Thursday. They set a “hold” rating on the stock. Credit Suisse Group boosted their target price on Cheesecake Factory from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Finally, Robert W. Baird boosted their target price on Cheesecake Factory from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.38.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $34.50 on Monday. The firm’s fifty day moving average price is $33.59 and its two-hundred day moving average price is $35.22. The stock has a market cap of $1.77 billion, a PE ratio of 36.70, a PEG ratio of 2.54 and a beta of 1.43. The Cheesecake Factory Incorporated has a fifty-two week low of $26.05 and a fifty-two week high of $41.28. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.41 and a current ratio of 0.50.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its earnings results on Wednesday, May 10th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. Cheesecake Factory had a net margin of 1.42% and a return on equity of 25.95%. The business had revenue of $866.11 million for the quarter, compared to analyst estimates of $869.08 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, equities analysts expect that The Cheesecake Factory Incorporated will post 2.76 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Wednesday, May 24th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, May 23rd. Cheesecake Factory’s payout ratio is 114.89%.

About Cheesecake Factory

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Cheesecake Factory, Inc engages in the operation of restaurant chains. It operates through The Cheesecake Factory, North Italia, Other FRC and Other segments. The Cheesecake Factory segment offers appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches and omelettes, and a selection of gluten-free items.