4,283 Shares in The Cheesecake Factory Incorporated (NASDAQ:CAKE) Bought by FORA Capital LLC

FORA Capital LLC acquired a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,283 shares of the restaurant operator’s stock, valued at approximately $203,000.

Several other large investors have also recently made changes to their positions in CAKE. Vanguard Group Inc. grew its position in Cheesecake Factory by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,443,458 shares of the restaurant operator’s stock valued at $258,238,000 after buying an additional 21,096 shares during the period. Invesco Ltd. increased its stake in shares of Cheesecake Factory by 12.4% during the 4th quarter. Invesco Ltd. now owns 1,412,483 shares of the restaurant operator’s stock worth $67,008,000 after purchasing an additional 155,614 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Cheesecake Factory by 15.8% in the 4th quarter. American Century Companies Inc. now owns 1,363,051 shares of the restaurant operator’s stock worth $64,663,000 after purchasing an additional 186,026 shares during the period. Hennessy Advisors Inc. purchased a new position in Cheesecake Factory in the fourth quarter valued at approximately $63,114,000. Finally, Wellington Management Group LLP bought a new position in Cheesecake Factory during the fourth quarter valued at $56,288,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $50.17 on Friday. The Cheesecake Factory Incorporated has a 52-week low of $33.50 and a 52-week high of $57.32. The company has a fifty day moving average of $48.51 and a 200-day moving average of $49.44. The company has a market capitalization of $2.48 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The firm had revenue of $927.20 million during the quarter, compared to analysts’ expectations of $927.17 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, equities research analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 33.86%.

Insider Transactions at Cheesecake Factory

In other news, 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 value of $5,308,000.00. Following the transaction, the chairman now owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Eliot Clark sold 29,000 shares of the 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 sale, the chief financial officer now owns 39,856 shares of the company’s stock, valued at $2,134,687.36. This represents a 42.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

CAKE has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Robert W. Baird increased their target price on Cheesecake Factory from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price target on Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Citigroup dropped their price objective on Cheesecake Factory from $67.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler lifted their target price on Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $53.60.

Cheesecake Factory Profile

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.