Headlands Technologies LLC Buys Shares of 22,385 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Headlands Technologies LLC acquired a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,385 shares of the restaurant operator's stock, valued at approximately $1,062,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Cheesecake Factory by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,443,458 shares of the restaurant operator's stock valued at $258,238,000 after acquiring an additional 21,096 shares in the last quarter. State Street Corp increased its stake in Cheesecake Factory by 3.7% during the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator's stock valued at $76,084,000 after purchasing an additional 67,550 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Cheesecake Factory by 15.8% during the fourth 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. bought a new position in shares of Cheesecake Factory in the 4th quarter worth about $63,114,000. Finally, Wellington Management Group LLP acquired a new position in shares of Cheesecake Factory in the 4th quarter valued at about $56,288,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Price Performance

NASDAQ CAKE traded down $1.11 on Friday, reaching $45.68. 2,053,909 shares of the stock traded hands, compared to its average volume of 1,163,059. The Cheesecake Factory Incorporated has a 12 month low of $33.05 and a 12 month high of $57.32. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The firm's fifty day simple moving average is $51.47 and its 200 day simple moving average is $48.01. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.31 and a beta of 1.24.

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Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The business had revenue of $920.96 million during the quarter, compared to analysts' expectations of $912.67 million. As a group, research analysts predict 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. Investors of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.36%. Cheesecake Factory's payout ratio is currently 33.75%.

Insider Activity at Cheesecake Factory

In other news, Chairman David Overton sold 100,000 shares of the stock in a transaction on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory 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 owns 39,856 shares in the company, valued at $2,134,687.36. The trade was a 42.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CAKE. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $45.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. UBS Group increased their price target on Cheesecake Factory from $41.00 to $45.00 and gave the stock a "sell" rating in a research report on Thursday, February 20th. Robert W. Baird set a $50.00 price objective on Cheesecake Factory in a research report on Tuesday, March 18th. William Blair reaffirmed an "outperform" rating on shares of Cheesecake Factory in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cheesecake Factory has an average rating of "Hold" and an average target price of $52.38.

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.