Rockefeller Capital Management L.P. Buys 7,133 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Rockefeller Capital Management L.P. raised its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,183 shares of the restaurant operator's stock after acquiring an additional 7,133 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.23% of Cheesecake Factory worth $5,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CAKE. Golden State Wealth Management LLC purchased a new stake in Cheesecake Factory in the fourth quarter worth $25,000. Versant Capital Management Inc lifted 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 buying an additional 320 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Cheesecake Factory in the 4th quarter valued at about $43,000. Venturi Wealth Management LLC increased its position 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 worth $62,000 after acquiring an additional 1,207 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Cheesecake Factory by 46.9% in the fourth 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. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Transactions at Cheesecake Factory

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the 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 transaction, the chief financial officer now directly owns 39,856 shares of the company's stock, valued at $2,134,687.36. This trade represents a 42.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Overton sold 100,000 shares of the business's 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. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAKE. Piper Sandler lifted their target price on Cheesecake Factory from $47.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Citigroup cut their target price on shares of Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday. Robert W. Baird dropped their price objective on shares of Cheesecake Factory from $50.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Stephens restated an "overweight" rating and set a $60.00 target price on shares of Cheesecake Factory in a report on Thursday, February 20th. Finally, 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. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.75.

Cheesecake Factory Trading Up 2.3 %

Shares of Cheesecake Factory stock opened at $47.87 on Friday. The Cheesecake Factory Incorporated has a 1 year low of $33.42 and a 1 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 stock has a market cap of $2.47 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. The firm has a fifty day moving average price of $49.61 and a 200 day moving average price of $48.40.

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

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were given 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 2.26%. Cheesecake Factory's dividend payout ratio (DPR) is currently 33.75%.

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.

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