Inspire Investing LLC bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,895 shares of the restaurant operator’s stock, valued at approximately $235,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in Cheesecake Factory by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 98,820 shares of the restaurant operator’s stock valued at $3,869,000 after buying an additional 770 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cheesecake Factory by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,001,790 shares of the restaurant operator’s stock worth $39,221,000 after purchasing an additional 3,187 shares during the period. CIBC Asset Management Inc purchased a new stake in Cheesecake Factory during the fourth quarter worth about $234,000. First Eagle Investment Management LLC increased its stake in Cheesecake Factory by 156.4% during the fourth quarter. First Eagle Investment Management LLC now owns 20,000 shares of the restaurant operator’s stock worth $783,000 after purchasing an additional 12,200 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Cheesecake Factory by 2.2% during the fourth quarter. First Republic Investment Management Inc. now owns 42,497 shares of the restaurant operator’s stock worth $1,664,000 after purchasing an additional 910 shares during the period. 87.42% of the stock is currently owned by institutional investors.
CAKE has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, April 14th. Barclays cut their price target on shares of Cheesecake Factory from $39.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, June 9th. Piper Sandler cut their price target on shares of Cheesecake Factory from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, June 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Cheesecake Factory from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Citigroup cut their target price on shares of Cheesecake Factory from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.83.
Shares of Cheesecake Factory stock opened at $27.17 on Friday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.14 and a beta of 1.45. The Cheesecake Factory Incorporated has a 52 week low of $26.12 and a 52 week high of $55.31. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average is $30.87 and its two-hundred day moving average is $35.63.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $793.71 million during the quarter, compared to analysts’ expectations of $782.10 million. Cheesecake Factory had a net margin of 2.96% and a return on equity of 38.98%. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, research analysts expect that The Cheesecake Factory Incorporated will post 2.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 24th. Stockholders of record on Wednesday, May 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Tuesday, May 10th. Cheesecake Factory’s payout ratio is currently 72.00%.
Cheesecake Factory Company Profile (Get Rating)
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.
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