Steward Partners Investment Advisory LLC raised its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) by 12.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,036 shares of the restaurant operator’s stock after purchasing an additional 461 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Cheesecake Factory were worth $161,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Cheesecake Factory by 271.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 1,376 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Cheesecake Factory by 996.6% during the 1st quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 2,362 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new position in shares of Cheesecake Factory during the 4th quarter valued at about $206,000. Profund Advisors LLC lifted its position in shares of Cheesecake Factory by 7.8% during the 4th quarter. Profund Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 385 shares in the last quarter. Finally, Jeppson Wealth Management LLC purchased a new position in shares of Cheesecake Factory during the 1st quarter valued at about $221,000. 87.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CAKE has been the topic of a number of analyst reports. Barclays lowered their price objective on Cheesecake Factory from $32.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday. Citigroup boosted their price target on Cheesecake Factory from $39.00 to $40.00 in a report on Thursday. Piper Sandler lowered their price target on Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Morgan Stanley lowered their price target on Cheesecake Factory from $37.00 to $26.00 and set an “underweight” rating on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group lowered their price target on Cheesecake Factory from $48.00 to $37.00 and set a “maintains” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cheesecake Factory currently has a consensus rating of “Hold” and a consensus target price of $41.38.
Cheesecake Factory Stock Down 1.2 %
Shares of CAKE opened at $29.23 on Monday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.15 and a beta of 1.45. The Cheesecake Factory Incorporated has a 1 year low of $26.05 and a 1 year high of $51.19. The business’s 50 day simple moving average is $29.04 and its 200-day simple moving average is $34.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.54.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.27). The firm had revenue of $832.60 million for the quarter, compared to analysts’ expectations of $836.64 million. Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. As a group, equities analysts expect that The Cheesecake Factory Incorporated will post 2.74 earnings per share for the current fiscal year.
Cheesecake Factory Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, August 9th. Cheesecake Factory’s dividend payout ratio is currently 72.00%.
Cheesecake Factory Profile
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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