Cheesecake Factory Inc (NASDAQ:CAKE) VP Debby R. Zurzolo sold 300 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $62.84, for a total value of $18,852.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Debby R. Zurzolo also recently made the following trade(s):

  • On Friday, March 10th, Debby R. Zurzolo sold 2,247 shares of Cheesecake Factory stock. The shares were sold at an average price of $62.84, for a total value of $141,201.48.
  • On Monday, February 27th, Debby R. Zurzolo sold 200 shares of Cheesecake Factory stock. The shares were sold at an average price of $61.27, for a total value of $12,254.00.
  • On Friday, February 10th, Debby R. Zurzolo sold 1,600 shares of Cheesecake Factory stock. The shares were sold at an average price of $61.89, for a total value of $99,024.00.
  • On Thursday, January 12th, Debby R. Zurzolo sold 1,497 shares of Cheesecake Factory stock. The shares were sold at an average price of $61.27, for a total value of $91,721.19.

Shares of Cheesecake Factory Inc (NASDAQ:CAKE) traded down 1.04% during mid-day trading on Monday, reaching $62.54. The company’s stock had a trading volume of 369,108 shares. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 22.10 and a beta of 0.20. Cheesecake Factory Inc has a 12 month low of $46.93 and a 12 month high of $64.41. The company’s 50-day moving average is $61.14 and its 200 day moving average is $57.10.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $603.10 million for the quarter, compared to the consensus estimate of $595.82 million. Cheesecake Factory had a net margin of 6.11% and a return on equity of 22.76%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities analysts anticipate that Cheesecake Factory Inc will post $3.03 EPS for the current year.

Insider Buying and Selling by Quarter for Cheesecake Factory (NASDAQ:CAKE)

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Wednesday, March 8th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, March 6th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 35.56%.

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CAKE has been the subject of a number of research reports. Jefferies Group LLC reiterated a “sell” rating and issued a $52.00 price target on shares of Cheesecake Factory in a research note on Thursday, February 23rd. Canaccord Genuity reaffirmed a “hold” rating and set a $54.00 target price on shares of Cheesecake Factory in a research report on Friday, February 10th. Zacks Investment Research lowered Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Telsey Advisory Group raised their target price on Cheesecake Factory from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $68.00 target price (up from $60.00) on shares of Cheesecake Factory in a research report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.21.

Several hedge funds have recently added to or reduced their stakes in CAKE. Public Employees Retirement System of Ohio increased its stake in Cheesecake Factory by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 68,569 shares of the company’s stock valued at $3,301,000 after buying an additional 198 shares during the period. Royal Bank of Canada increased its stake in Cheesecake Factory by 63.0% in the second quarter. Royal Bank of Canada now owns 27,626 shares of the company’s stock valued at $1,330,000 after buying an additional 10,677 shares during the period. Macquarie Group Ltd. increased its stake in Cheesecake Factory by 6.2% in the second quarter. Macquarie Group Ltd. now owns 1,083,891 shares of the company’s stock valued at $52,179,000 after buying an additional 63,744 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Cheesecake Factory by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,431 shares of the company’s stock valued at $772,000 after buying an additional 308 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Cheesecake Factory during the third quarter valued at approximately $390,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

About Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.

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