American Century Companies Inc. Has $64.66 Million Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

American Century Companies Inc. raised its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 15.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,363,051 shares of the restaurant operator’s stock after purchasing an additional 186,026 shares during the period. American Century Companies Inc.’s holdings in Cheesecake Factory were worth $64,663,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Cheesecake Factory during the fourth quarter worth $25,000. Versant Capital Management Inc raised its position in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 320 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cheesecake Factory in the 4th quarter valued at about $43,000. Venturi Wealth Management LLC boosted its position in shares of Cheesecake Factory by 1,149.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 1,207 shares in the last quarter. Finally, KBC Group NV grew its stake in Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 741 shares during the period. 94.48% of the stock is owned by institutional investors.

Cheesecake Factory Price Performance

Shares of NASDAQ:CAKE opened at $50.80 on Wednesday. The Cheesecake Factory Incorporated has a 1-year low of $33.05 and a 1-year high of $57.32. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.62 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The stock’s fifty day simple moving average is $51.58 and its two-hundred day simple moving average is $47.39.

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

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Wednesday, March 5th. Cheesecake Factory’s dividend payout ratio is presently 33.75%.

Analyst Ratings Changes

CAKE has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Cheesecake Factory in a report on Thursday, February 20th. Barclays increased their target price on shares of Cheesecake Factory from $46.00 to $50.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Cheesecake Factory in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Raymond James boosted their target price on Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.81.

Insider Activity at Cheesecake Factory

In related news, CFO Matthew Eliot Clark sold 29,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $53.56, for a total value of $1,553,240.00. Following the transaction, the chief financial officer now directly owns 39,856 shares of the company’s stock, valued at approximately $2,134,687.36. The trade was a 42.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David Overton sold 100,000 shares of Cheesecake Factory stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the completion of the sale, the chairman now directly owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

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.