Intech Investment Management LLC Increases Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Intech Investment Management LLC raised its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 48.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,528 shares of the restaurant operator's stock after acquiring an additional 8,692 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Cheesecake Factory worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CAKE. First Eagle Investment Management LLC raised its holdings in Cheesecake Factory by 9.7% during the fourth quarter. First Eagle Investment Management LLC now owns 360,718 shares of the restaurant operator's stock valued at $17,112,000 after acquiring an additional 32,000 shares during the period. Ruffer LLP bought a new stake in Cheesecake Factory during the 4th quarter valued at approximately $9,401,000. Principal Financial Group Inc. raised its stake in Cheesecake Factory by 9.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator's stock valued at $10,364,000 after purchasing an additional 22,416 shares during the period. Versor Investments LP boosted its stake in Cheesecake Factory by 252.6% in the 4th quarter. Versor Investments LP now owns 22,752 shares of the restaurant operator's stock worth $1,079,000 after purchasing an additional 16,300 shares during the period. Finally, Inceptionr LLC purchased a new stake in Cheesecake Factory during the 4th quarter valued at approximately $513,000. Institutional investors own 94.48% of the company's stock.

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Cheesecake Factory Trading Down 0.6 %

Cheesecake Factory stock traded down $0.32 during trading hours on Wednesday, hitting $50.48. The company had a trading volume of 1,020,591 shares, compared to its average volume of 1,139,418. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $57.32. The firm has a market cap of $2.61 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.31 and a beta of 1.55. The company has a 50-day moving average price of $51.58 and a two-hundred day moving average price of $47.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its quarterly earnings data 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. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The company had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. On average, sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. Cheesecake Factory's dividend payout ratio is presently 33.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CAKE shares. Wedbush upped their target price on shares of Cheesecake Factory from $59.00 to $61.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. The Goldman Sachs Group lifted their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. StockNews.com downgraded Cheesecake Factory from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Robert W. Baird set a $50.00 price target on Cheesecake Factory in a report on Tuesday, March 18th. Finally, Jefferies Financial Group upped their price objective on Cheesecake Factory from $49.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $52.38.

Insider Activity at Cheesecake Factory

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David Overton sold 100,000 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

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.