Summit Trail Advisors LLC lifted its stake in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,150 shares of the restaurant operator’s stock after buying an additional 2,778 shares during the period. Summit Trail Advisors LLC’s holdings in Cheesecake Factory were worth $856,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Cheesecake Factory by 4.4% during the first quarter. Principal Financial Group Inc. now owns 242,877 shares of the restaurant operator’s stock worth $11,711,000 after buying an additional 10,164 shares during the period. Legal & General Group Plc lifted its stake in shares of Cheesecake Factory by 10.0% during the first quarter. Legal & General Group Plc now owns 42,784 shares of the restaurant operator’s stock worth $2,063,000 after buying an additional 3,906 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Cheesecake Factory by 102.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 68,209 shares of the restaurant operator’s stock worth $3,289,000 after buying an additional 34,467 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Cheesecake Factory by 4.0% during the first quarter. Guggenheim Capital LLC now owns 49,011 shares of the restaurant operator’s stock worth $2,364,000 after buying an additional 1,866 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Cheesecake Factory by 155.8% during the first quarter. Jane Street Group LLC now owns 5,687 shares of the restaurant operator’s stock worth $274,000 after buying an additional 15,887 shares during the period. Institutional investors and hedge funds own 97.62% of the company’s stock.

In other Cheesecake Factory news, VP Debby R. Zurzolo sold 14,856 shares of Cheesecake Factory stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $52.31, for a total value of $777,117.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Overton sold 93,300 shares of Cheesecake Factory stock in a transaction on Monday, April 30th. The shares were sold at an average price of $51.93, for a total transaction of $4,845,069.00. The disclosure for this sale can be found here. Insiders sold 133,110 shares of company stock valued at $6,953,971 in the last ninety days. 8.80% of the stock is owned by corporate insiders.

Cheesecake Factory opened at $56.27 on Wednesday, according to MarketBeat.com. Cheesecake Factory Inc has a fifty-two week low of $38.34 and a fifty-two week high of $60.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.48 and a quick ratio of 0.36. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.45 and a beta of 0.29.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.12). Cheesecake Factory had a net margin of 6.49% and a return on equity of 19.01%. The firm had revenue of $590.69 million during the quarter, compared to analysts’ expectations of $583.76 million. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. equities analysts anticipate that Cheesecake Factory Inc will post 2.68 EPS for the current year.

CAKE has been the subject of several recent research reports. Maxim Group raised their target price on shares of Cheesecake Factory from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. Bank of America raised their target price on shares of Cheesecake Factory from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, June 14th. Canaccord Genuity reissued a “hold” rating and set a $57.00 target price on shares of Cheesecake Factory in a report on Friday, April 20th. Barclays raised their target price on shares of Cheesecake Factory from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Finally, Telsey Advisory Group raised their target price on shares of Cheesecake Factory from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, April 26th. Seventeen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.09.

About Cheesecake Factory

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 February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Want to see what other hedge funds are holding CAKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheesecake Factory Inc (NASDAQ:CAKE).

Institutional Ownership by Quarter for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.