Gamco Investors INC. ET AL Has $15.52 Million Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Gamco Investors INC. ET AL trimmed its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 327,200 shares of the restaurant operator's stock after selling 6,000 shares during the period. Gamco Investors INC. ET AL owned 0.64% of Cheesecake Factory worth $15,522,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of Cheesecake Factory by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator's stock worth $240,000 after purchasing an additional 228 shares in the last quarter. Truist Financial Corp grew its holdings in Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock valued at $382,000 after buying an additional 257 shares during the last quarter. Blair William & Co. IL increased its position in Cheesecake Factory by 5.2% during the fourth quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator's stock worth $274,000 after acquiring an additional 283 shares during the period. Versant Capital Management Inc increased its holdings in shares of Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 320 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Cheesecake Factory in the 4th quarter valued at approximately $25,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group lifted their price target on Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Morgan Stanley set a $39.00 price objective on Cheesecake Factory and gave the company an "underweight" rating in a research report on Monday, April 14th. Citigroup dropped their target price on shares of Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Robert W. Baird cut their price target on shares of Cheesecake Factory from $50.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.75.

Cheesecake Factory Stock Down 0.3 %

CAKE traded down $0.15 during trading hours on Monday, hitting $47.72. 195,328 shares of the company's stock were exchanged, compared to its average volume of 1,496,614. 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 stock's 50-day moving average is $49.52 and its two-hundred day moving average is $48.55. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.31 and a beta of 1.24. The Cheesecake Factory Incorporated has a 1-year low of $33.44 and a 1-year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.13. The business had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Sell-side analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory's payout ratio is presently 33.75%.

Insider Activity at Cheesecake Factory

In other news, 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 transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $5,308,000.00. Following the sale, the chairman now directly owns 3,092,147 shares of the company's stock, valued at $164,131,162.76. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

About Cheesecake Factory

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.