The Cheesecake Factory Incorporated (NASDAQ:CAKE) Stake Boosted by Versor Investments LP

Versor Investments LP boosted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 252.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,752 shares of the restaurant operator’s stock after acquiring an additional 16,300 shares during the quarter. Versor Investments LP’s holdings in Cheesecake Factory were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CAKE. Hennessy Advisors Inc. purchased a new position in Cheesecake Factory during the 4th quarter valued at about $63,114,000. Victory Capital Management Inc. grew its stake in Cheesecake Factory by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock valued at $16,353,000 after acquiring an additional 99,341 shares in the last quarter. State Street Corp grew its stake in Cheesecake Factory by 3.7% during the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after acquiring an additional 67,550 shares in the last quarter. Fred Alger Management LLC grew its stake in Cheesecake Factory by 159.6% during the 3rd quarter. Fred Alger Management LLC now owns 97,765 shares of the restaurant operator’s stock valued at $3,964,000 after acquiring an additional 60,100 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Cheesecake Factory during the 4th quarter valued at about $2,356,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Down 2.2 %

Shares of CAKE stock opened at $52.47 on Friday. The Cheesecake Factory Incorporated has a 12 month low of $33.05 and a 12 month high of $57.32. The firm has a market cap of $2.68 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51. The stock has a 50 day moving average of $51.51 and a 200-day moving average of $45.97. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The company had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. On average, equities analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.06%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 33.75%.

Analyst Ratings Changes

Several research firms have weighed in on CAKE. Wedbush lifted their target price on Cheesecake Factory from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group lifted their target price on Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. UBS Group boosted their price target on Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday, February 20th. Citigroup reissued a “buy” rating on shares of Cheesecake Factory in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Cheesecake Factory presently has an average rating of “Hold” and a consensus price target of $52.19.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.