The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 10.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,997 shares of the restaurant operator’s stock after selling 606 shares during the period. Foundations Investment Advisors LLC’s holdings in Cheesecake Factory were worth $237,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 320 shares during the period. KBC Group NV increased its holdings in Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 741 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Cheesecake Factory in the third quarter valued at approximately $223,000. Janney Montgomery Scott LLC acquired a new position in Cheesecake Factory during the fourth quarter worth $270,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Cheesecake Factory during the third quarter worth $317,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Transactions at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now owns 14,977 shares in the company, valued at $747,052.76. This represents a 46.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

CAKE has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Cheesecake Factory in a report on Thursday, December 5th. They issued a “buy” rating and a $56.00 price objective on the stock. Raymond James boosted their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Jefferies Financial Group raised their price objective on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays upped their target price on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Cheesecake Factory presently has an average rating of “Hold” and an average price target of $49.40.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE opened at $56.15 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.87 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.29 and a beta of 1.50. The stock has a 50 day moving average of $49.87 and a two-hundred day moving average of $43.78. The Cheesecake Factory Incorporated has a twelve month low of $33.05 and a twelve month high of $56.55.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The firm had revenue of $865.50 million during the quarter, compared to analysts’ expectations of $866.13 million. During the same quarter in the prior year, the business earned $0.39 EPS. Cheesecake Factory’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current year.

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.