Laurion Capital Management LP Invests $2.63 Million in The Cheesecake Factory Incorporated (CAKE)

Laurion Capital Management LP acquired a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 52,200 shares of the restaurant operator’s stock, valued at approximately $2,626,000. Laurion Capital Management LP owned about 0.11% of The Cheesecake Factory as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Cheesecake Factory by 32.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 395 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of The Cheesecake Factory by 13.5% during the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 235 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of The Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 482 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of The Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,793 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of The Cheesecake Factory by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock worth $213,000 after purchasing an additional 615 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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CAKE has been the topic of several analyst reports. Jefferies Group LLC upgraded The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price objective on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub upgraded The Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Telsey Advisory Group decreased their price objective on The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, June 14th. Maxim Group upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday, June 14th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $55.00 price objective (down previously from $61.50) on shares of The Cheesecake Factory in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The Cheesecake Factory has a consensus rating of “Hold” and an average target price of $54.44.

The Cheesecake Factory Incorporated (CAKE) opened at 40.71 on Wednesday. The Cheesecake Factory Incorporated has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.24 and a beta of 0.34. The firm has a 50-day moving average price of $42.34 and a 200 day moving average price of $53.85.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million during the quarter, compared to analysts’ expectations of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The Cheesecake Factory’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts predict that The Cheesecake Factory Incorporated will post $2.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 14th. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. This represents a $1.16 dividend on an annualized basis and a yield of 2.85%. The Cheesecake Factory’s dividend payout ratio is currently 40.70%.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

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

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