Intrepid Capital Management Inc. Lowers Position in Cheesecake Factory Inc (NASDAQ:CAKE)

Intrepid Capital Management Inc. cut its stake in Cheesecake Factory Inc (NASDAQ:CAKE) by 47.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 66,271 shares of the restaurant operator’s stock after selling 60,524 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Cheesecake Factory were worth $2,897,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC increased its position in shares of Cheesecake Factory by 379.3% during the first quarter. Advisory Services Network LLC now owns 647 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 512 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Cheesecake Factory during the second quarter valued at approximately $120,000. WINTON GROUP Ltd purchased a new stake in shares of Cheesecake Factory during the second quarter valued at approximately $219,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Cheesecake Factory during the first quarter valued at approximately $251,000. Finally, Dupont Capital Management Corp increased its position in shares of Cheesecake Factory by 52.1% during the second quarter. Dupont Capital Management Corp now owns 6,130 shares of the restaurant operator’s stock valued at $268,000 after acquiring an additional 2,100 shares during the last quarter.

In related news, Director Edie A. Ames purchased 750 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $42.18 per share, with a total value of $31,635.00. Following the completion of the acquisition, the director now directly owns 3,880 shares of the company’s stock, valued at $163,658.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laurence B. Mindel purchased 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $39.04 per share, with a total value of $97,600.00. The disclosure for this purchase can be found here. 8.50% of the stock is owned by company insiders.

Shares of NASDAQ CAKE opened at $42.99 on Friday. The stock has a fifty day simple moving average of $39.92 and a two-hundred day simple moving average of $44.60. Cheesecake Factory Inc has a 1-year low of $35.83 and a 1-year high of $54.35. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.27 and a beta of 0.43. The company has a current ratio of 0.36, a quick ratio of 0.26 and a debt-to-equity ratio of 1.81.

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 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 business had revenue of $602.65 million during the quarter, compared to analyst estimates of $612.16 million. During the same period in the prior year, the company earned $0.61 earnings per share. Cheesecake Factory’s revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Cheesecake Factory Inc will post 2.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were issued a $0.36 dividend. This is a positive change from Cheesecake Factory’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, August 13th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 59.26%.

A number of analysts recently commented on the company. 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 report on Monday, July 15th. Deutsche Bank assumed coverage on Cheesecake Factory in a research report on Friday, June 28th. They set a “hold” rating and a $46.00 price target for the company. Maxim Group reaffirmed a “buy” rating and set a $61.00 price target on shares of Cheesecake Factory in a research report on Thursday, August 1st. BidaskClub raised Cheesecake Factory from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine lowered Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Cheesecake Factory currently has an average rating of “Hold” and an average price target of $49.58.

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

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