Diametric Capital LP Has $2.30 Million Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Diametric Capital LP lifted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 271.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,461 shares of the restaurant operator's stock after purchasing an additional 35,410 shares during the period. Cheesecake Factory accounts for approximately 1.6% of Diametric Capital LP's holdings, making the stock its 6th largest holding. Diametric Capital LP owned about 0.09% of Cheesecake Factory worth $2,299,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. First Eagle Investment Management LLC lifted its stake in Cheesecake Factory by 9.7% in 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 buying an additional 32,000 shares during the period. Ruffer LLP acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $9,401,000. Principal Financial Group Inc. boosted 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 worth $10,364,000 after acquiring an additional 22,416 shares during the last quarter. Versor Investments LP grew its holdings in Cheesecake Factory by 252.6% during the fourth quarter. Versor Investments LP now owns 22,752 shares of the restaurant operator's stock valued at $1,079,000 after purchasing an additional 16,300 shares during the period. Finally, Inceptionr LLC acquired a new position in Cheesecake Factory during the fourth quarter valued at approximately $513,000. 94.48% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Cheesecake Factory

In other Cheesecake Factory news, Chairman David Overton sold 100,000 shares of the stock in a transaction dated 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 of the company's stock, valued at $164,131,162.76. This represents a 3.13 % decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total value of $1,553,240.00. Following the sale, the chief financial officer now owns 39,856 shares of the company's stock, valued at approximately $2,134,687.36. This represents a 42.12 % 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 Stock Performance

NASDAQ:CAKE traded down $1.11 during mid-day trading on Friday, hitting $45.68. The stock had a trading volume of 2,053,909 shares, compared to its average volume of 1,163,059. The Cheesecake Factory Incorporated has a twelve month low of $33.05 and a twelve month high of $57.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.31 and a beta of 1.24. The company's 50 day simple moving average is $51.47 and its 200 day simple moving average is $48.01.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.13. The company had revenue of $920.96 million during the quarter, compared to analysts' expectations of $912.67 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. On average, equities research analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Wednesday, March 5th. Cheesecake Factory's payout ratio is presently 33.75%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CAKE. William Blair reissued an "outperform" rating on shares of Cheesecake Factory in a research report on Thursday, February 20th. Oppenheimer upgraded Cheesecake Factory from a "market perform" rating to an "outperform" rating and set a $65.00 target price on the stock in a report on Tuesday, January 7th. Wedbush boosted their target price on Cheesecake Factory from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Piper Sandler raised their price target on Cheesecake Factory from $47.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Robert W. Baird set a $50.00 price objective on Cheesecake Factory in a research report on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.38.

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.