Quantbot Technologies LP Invests $1.85 Million in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Quantbot Technologies LP bought a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 39,053 shares of the restaurant operator's stock, valued at approximately $1,853,000. Quantbot Technologies LP owned approximately 0.08% of Cheesecake Factory at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Cheesecake Factory in the fourth quarter valued at $25,000. Versant Capital Management Inc grew its holdings in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 320 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Cheesecake Factory during the fourth quarter worth $43,000. Venturi Wealth Management LLC lifted its holdings in shares of 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 valued at $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator's stock valued at $110,000 after purchasing an additional 741 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheesecake Factory

In related news, Chairman David Overton sold 100,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $53.08, for a total value of $5,308,000.00. Following the completion of the transaction, the chairman now directly owns 3,092,147 shares of the company's stock, valued at $164,131,162.76. This trade represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Eliot Clark sold 29,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 39,856 shares in the company, valued at $2,134,687.36. This trade represents a 42.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

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Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE traded up $0.61 during trading hours on Thursday, hitting $51.09. 1,094,678 shares of the stock were exchanged, compared to its average volume of 1,141,054. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $57.32. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The firm has a market capitalization of $2.64 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.31 and a beta of 1.55. The company's 50 day moving average is $51.61 and its 200 day moving average is $47.42.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The company had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. On average, research analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors 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 yield of 2.11%. Cheesecake Factory's dividend payout ratio is 33.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CAKE shares. 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 research report on Thursday, March 20th. Morgan Stanley increased their target price on Cheesecake Factory from $37.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Barclays lifted their price target on Cheesecake Factory from $46.00 to $50.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Robert W. Baird set a $50.00 price objective on Cheesecake Factory in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded Cheesecake Factory from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.