Greenland Capital Management LP Makes New $2.41 Million Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Greenland Capital Management LP acquired a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 50,718 shares of the restaurant operator's stock, valued at approximately $2,406,000. Greenland Capital Management LP owned about 0.10% of Cheesecake Factory at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAKE. Golden State Wealth Management LLC acquired a new position in Cheesecake Factory during the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings in Cheesecake Factory by 108.1% during the 4th 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 during the period. SBI Securities Co. Ltd. acquired a new position in Cheesecake Factory in the 4th quarter valued at about $43,000. Venturi Wealth Management LLC increased its stake in Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock worth $62,000 after purchasing an additional 1,207 shares during the period. Finally, KBC Group NV lifted its position in shares of Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator's stock worth $110,000 after purchasing an additional 741 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Performance

NASDAQ:CAKE traded up $0.77 during mid-day trading on Friday, reaching $46.08. 1,170,578 shares of the stock were exchanged, compared to its average volume of 1,180,226. 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 Cheesecake Factory Incorporated has a 1 year low of $33.08 and a 1 year high of $57.32. The company has a 50 day simple moving average of $50.18 and a 200-day simple moving average of $48.31. The stock has a market capitalization of $2.38 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.31 and a beta of 1.24.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The business had revenue of $920.96 million for the quarter, compared to analysts' expectations of $912.67 million. Analysts anticipate 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. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. Cheesecake Factory's dividend payout ratio (DPR) is 33.75%.

Insider Buying and Selling

In related news, Chairman David Overton sold 100,000 shares of Cheesecake Factory 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 transaction, the chairman now directly owns 3,092,147 shares in the company, valued at $164,131,162.76. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Eliot Clark sold 29,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the transaction, the chief financial officer now owns 39,856 shares of the company's stock, valued at approximately $2,134,687.36. The trade was a 42.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CAKE shares. UBS Group upped their target price on shares of Cheesecake Factory from $41.00 to $45.00 and gave the stock a "sell" rating in a research note on Thursday, February 20th. Stephens reiterated an "overweight" rating and issued a $60.00 price objective on shares of Cheesecake Factory in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Robert W. Baird decreased their price objective on Cheesecake Factory from $50.00 to $46.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Citigroup restated a "buy" rating on shares of Cheesecake Factory in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheesecake Factory has a consensus rating of "Hold" and an average price target of $52.13.

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.