The stock has a 50-day moving average of $60.67 and a 200 day moving average of $61.13. The fund owned 57,300 shares of the restaurant operator's stock after buying an additional 339 shares during the period. The stock has performed -0.43% over the last seven days, -3.55% over the last thirty, and -5.72% over the last three months. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator's stock valued at $103,000 after buying an additional 395 shares in the last quarter. The firm had revenue of $563.43 million for the quarter, compared to analyst estimates of $565.42 million. Finally, Nordea Investment Management AB increased its stake in shares of The Cheesecake Factory by 15.5% in the first quarter. Finally, Canaccord Genuity reissued a "hold" rating and set a $54.00 price target on shares of Cheesecake Factory in a research report on Friday, February 10th. Cheesecake Factory had a return on equity of 22.76% and a net margin of 6.11%. Equities analysts expect that The Cheesecake Factory Incorporated will post $2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Wednesday, May 17th were given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 15th. The Cheesecake Factory's payout ratio is now 33.68%. Its dividend yield has grown considerably over the last years and is now roughly on par with the broad market's yield (1.9%), whilst the company's share repurchases have lead to a steep decline in the company's share count over the last decade, as you can see in the above chart. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & global copyright & trademark law. The original version of this story can be read at https://www.thestockobserver.com/2017/06/13/the-cheesecake-factory-incorporated-cake-position-cut-by-clinton-group-inc.html. Telsey Advisory Group lifted their target price on The Cheesecake Factory from $61.00 to $66.00 and gave the company an "outperform" rating in a research note on Thursday, February 23rd. Buy rating has been given by 7 analysts to the company stock whereas 3 given UNDERPERFORM rating to stock and 9 given HOLD rating. The stock now has an average rating of "Hold" and a consensus target price of $58.78.
In other news, CFO Doug Benn sold 16,901 shares of Cheesecake Factory stock in a transaction that occurred on Monday, April 24th. The current share price indicates that stock is -13.12% away from its one year high and is moving 24.29% ahead of its 52-week low. Following the transaction, the chief financial officer now directly owns 70,261 shares of the company's stock, valued at $4,498,109.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. The stock was sold at an average price of $63.89, for a total transaction of $102,224.00.
Cheesecake Factory Inc says that it is expecting comparable sales for its fiscal second quarter of 2017 to be down by 1%.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company's bakery division operates two bakery production facilities, in Calabasas Hills, CA and Rocky Mount, NC, that produce quality cheesecakes and other baked products for its restaurants, worldwide licensees and third-party bakery customers.