Lindbrook Capital LLC Grows Its Cheesecake Factory Incorporated (NASDAQ:CAKE)


Lindbrook Capital LLC increased its holdings in The Cheesecake Factory Incorporated (NASDAQ: CAKE – Get Rating) by 996.6% in the first quarter, Channel Holdings reports. The fund owned 2,599 shares of the restaurant operator’s stock after purchasing an additional 2,362 shares during the quarter. Lindbrook Capital LLC’s holdings in the Cheesecake Factory were valued at $103,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CAKE. Royal Bank of Canada raised its stake in the Cheesecake Factory by 17.8% in the third quarter. Royal Bank of Canada now owns 53,927 shares of the restaurant operator’s stock, valued at $2,533,000 after acquiring an additional 8,150 shares during the period. Tudor Investment Corp. Et Al purchased a new stake in shares of Cheesecake Factory during the third quarter valued at approximately $1,272,000. American International Group Inc. positioned in shares of Cheesecake Factory by 2.6% during the third quarter. American International Group Inc. owns. There are now 29,115 shares of the restaurant operator’s stock valued at $1,368,000 after purchasing an additional 734 shares during the last quarter. Comerica Bank raised its position in shares of Cheesecake Factory by 1.8% during the third quarter. Bank of Comica now owns 38,405 shares of the restaurant operator’s stock, valued at $1,266,000 after purchasing an additional 685 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Cheesecake Factory by 1.743.2% during the fourth quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 645 shares during the last quarter. 87.42% of the shares are owned by investment institutions.

CAKE has been the subject of several analyst reports. StockNews.com began covering shares of Cheesecake Factory in a research report on Thursday, March 31st. They put a “hold” rating for the company. Citigroup lowered its price target for Cheesecake Factory shares from $52.00 to $43.00 and assigned a “buy” rating to the company in a research report on Thursday, June 16th. Piper Sandler lowered its price target for Cheesecake Factory shares from $44.00 to $38.00 and assigned a “neutral” rating to the company in a research report on Monday, June 13th. Deutsche Bank Aktiengesellschaft lowered its price target for Cheesecake Factory shares from $47.00 to $43.00 in a research report on Thursday, April 28. Finally, Morgan Stanley lowered its price target for Cheesecake Factory shares from $39.00 to $36.00 and assigned an “underweight” rating to the company in a research report on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating to the stock and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.50.

NASDAQ Stocks: CAKE opened at $27.71 on Monday. The Cheesecake Factory Incorporated recorded a twelve-month low of $26.12 and a twelve-month high of $55.31. The company’s 50-day moving average is $31.85 and its 200-day moving average is $35.97. The company has a trading ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $1.46 billion, a PE ratio of 18.47, a price-to-earnings ratio of 1.15 and a beta of 1.45.

The Cheesecake Factory (NASDAQ: CAKE – Get Rating) released its latest quarterly earnings results on Wednesday, April 27. The restaurant operator reported earnings of $0.47 per share for the quarter, topping the consensus estimate of $0.50 ($0.03). The Cheesecake Factory generated a return on equity of 38.98% and a net margin of 2.96%. The company generated $793.71 million in revenue for the quarter, compared to analyst estimates of $782.10 million. During the same quarter last year, the company reported $0.20 EPS. Equity research analysts expect The Cheesecake Factory Incorporated to report earnings of 2.84 per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 24th. A dividend of $0.27 was released to investors of record on Wednesday, May 11th. The ex-dividend date was Tuesday, May 10th. This represents an annual dividend of $1.08 and a return of 3.90%. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 72.00%.

Company Profile Cheesecake Factory (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produce cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery clients, outside food service operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under the brands, including 208 The Cheesecake Factory and 29 North Italia; and a group of Fox Restaurant Concepts, as well as 29 restaurants at The Cheesecake Factory under international licensing agreements.

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Corporate ownership by quarter for The Cheesecake Factory (NASDAQ: CAKE)



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