Dimensional Fund Advisors LP Has $72.55 Million Holdings in Cheesecake Factory Inc (CAKE)
Dimensional Fund Advisors LP trimmed its position in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,317,533 shares of the restaurant operator’s stock after selling 4,642 shares during the period. Dimensional Fund Advisors LP’s holdings in Cheesecake Factory were worth $72,545,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CAKE. Bayesian Capital Management LP acquired a new position in Cheesecake Factory during the 1st quarter valued at about $212,000. Darrell & King LLC acquired a new position in Cheesecake Factory during the 1st quarter valued at about $256,000. Jane Street Group LLC lifted its stake in shares of Cheesecake Factory by 155.8% in the 1st quarter. Jane Street Group LLC now owns 5,687 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 15,887 shares during the period. ELCO Management Co. LLC acquired a new stake in shares of Cheesecake Factory in the 2nd quarter worth approximately $279,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Cheesecake Factory in the 1st quarter worth approximately $282,000.
NASDAQ CAKE opened at $53.05 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.48. Cheesecake Factory Inc has a 12 month low of $40.07 and a 12 month high of $60.19. The company has a market capitalization of $2.45 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.26.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Wednesday, August 15th were issued a $0.33 dividend. This is an increase from Cheesecake Factory’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, August 14th. Cheesecake Factory’s payout ratio is presently 50.77%.
In other Cheesecake Factory news, Director Edie A. Ames bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were acquired at an average cost of $52.83 per share, for a total transaction of $26,415.00. Following the acquisition, the director now directly owns 1,430 shares of the company’s stock, valued at $75,546.90. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cheryl Slomann sold 1,005 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $52.94, for a total transaction of $53,204.70. Following the completion of the sale, the insider now owns 12,106 shares in the company, valued at $640,891.64. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.
A number of brokerages have recently weighed in on CAKE. ValuEngine lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Robert W. Baird upped their price target on shares of Cheesecake Factory from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Maxim Group upped their price target on shares of Cheesecake Factory from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Wedbush reaffirmed a “hold” rating and issued a $55.00 price target on shares of Cheesecake Factory in a research note on Wednesday, August 1st. Finally, BidaskClub lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.73.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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