Intrepid Capital Management Inc. Sells 60,524 Shares of Cheesecake Factory Inc (NASDAQ:CAKE)
Intrepid Capital Management Inc. decreased its position in Cheesecake Factory Inc (NASDAQ:CAKE) by 47.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,271 shares of the restaurant operator’s stock after selling 60,524 shares during the period. Intrepid Capital Management Inc. owned 0.15% of Cheesecake Factory worth $2,897,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CAKE. First Trust Advisors LP lifted its stake in Cheesecake Factory by 718.0% in the first quarter. First Trust Advisors LP now owns 719,777 shares of the restaurant operator’s stock valued at $35,211,000 after buying an additional 631,789 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Cheesecake Factory in the 2nd quarter valued at approximately $7,976,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Cheesecake Factory by 7.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,720,092 shares of the restaurant operator’s stock valued at $133,068,000 after buying an additional 181,979 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Cheesecake Factory in the 1st quarter valued at approximately $6,090,000. Finally, Dimensional Fund Advisors LP raised its position in Cheesecake Factory by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,413,874 shares of the restaurant operator’s stock valued at $61,516,000 after buying an additional 95,965 shares during the last quarter.
A number of brokerages recently issued reports on CAKE. Bank of America reissued a “neutral” rating and issued a $46.00 target price (down previously from $51.00) on shares of Cheesecake Factory in a research report on Thursday, August 1st. ValuEngine downgraded Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Deutsche Bank began coverage on Cheesecake Factory in a research note on Friday, June 28th. They issued a “hold” rating and a $46.00 price target for the company. Maxim Group restated a “buy” rating and issued a $61.00 price target on shares of Cheesecake Factory in a research note on Thursday, August 1st. Finally, Raymond James decreased their price target on Cheesecake Factory from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Cheesecake Factory presently has a consensus rating of “Hold” and a consensus price target of $49.58.
CAKE opened at $42.99 on Friday. The business has a fifty day simple moving average of $39.92 and a 200 day simple moving average of $44.60. The company has a market capitalization of $1.93 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.27 and a beta of 0.43. Cheesecake Factory Inc has a 1 year low of $35.83 and a 1 year high of $54.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.36 and a quick ratio of 0.26.
Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Cheesecake Factory had a return on equity of 21.31% and a net margin of 4.52%. The firm had revenue of $602.65 million during the quarter, compared to analysts’ expectations of $612.16 million. During the same period in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Cheesecake Factory Inc will post 2.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Cheesecake Factory’s previous quarterly dividend of $0.33. Cheesecake Factory’s payout ratio is 59.26%.
Cheesecake Factory Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. 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 April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
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