Quantbot Technologies LP Takes Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Quantbot Technologies LP acquired a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,053 shares of the restaurant operator’s stock, valued at approximately $1,853,000.

Several other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp increased its holdings in shares of Cheesecake Factory by 3.3% during the fourth quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 257 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Cheesecake Factory by 0.9% during the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock valued at $1,522,000 after acquiring an additional 329 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Cheesecake Factory in the fourth quarter valued at approximately $25,000. Finally, Swiss National Bank boosted its position in Cheesecake Factory by 0.6% in the fourth quarter. Swiss National Bank now owns 95,100 shares of the restaurant operator’s stock valued at $4,512,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity at Cheesecake Factory

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

Cheesecake Factory Trading Up 0.4 %

Shares of NASDAQ:CAKE opened at $48.70 on Monday. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $57.32. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The business’s 50 day moving average price is $51.50 and its 200-day moving average price is $47.21.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. On average, equities research analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory’s dividend payout ratio is currently 33.75%.

Analyst Ratings Changes

CAKE has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Cheesecake Factory in a research report on Tuesday, February 4th. UBS Group upped their target price on Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research report on Thursday, February 20th. Wedbush upped their target price on Cheesecake Factory from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their target price on Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Finally, Raymond James upped 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.81.

Cheesecake Factory Company 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.