Principal Financial Group Inc. Has $12.75 Million Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Principal Financial Group Inc. boosted its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,830 shares of the restaurant operator's stock after buying an additional 13,235 shares during the period. Principal Financial Group Inc. owned approximately 0.53% of Cheesecake Factory worth $12,753,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Golden State Wealth Management LLC bought 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% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 320 shares during the period. KBC Group NV increased its holdings in shares of Cheesecake Factory by 46.9% during the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator's stock worth $110,000 after purchasing an additional 741 shares during the period. Choreo LLC acquired a new position in shares of Cheesecake Factory during the fourth quarter valued at about $215,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Cheesecake Factory in the third quarter valued at about $223,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,134,687.36. This represents a 42.12 % decrease in their position. 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 Cheesecake Factory stock in a transaction that occurred on 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 owns 3,092,147 shares of the company's stock, 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. Corporate insiders own 8.10% of the company's stock.

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Cheesecake Factory Price Performance

Shares of CAKE stock traded down $2.90 during trading hours on Monday, hitting $51.13. 1,110,688 shares of the company's stock were exchanged, compared to its average volume of 1,623,010. The stock's 50-day moving average is $51.63 and its 200-day moving average is $46.24. 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 Cheesecake Factory Incorporated has a 52 week low of $33.05 and a 52 week high of $57.32. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51.

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

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Cheesecake Factory's dividend payout ratio is 33.75%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CAKE. Raymond James boosted their price target on Cheesecake Factory from $51.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. The Goldman Sachs Group upped their target price on Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Cheesecake Factory in a report on Thursday, February 20th. UBS Group increased their price objective on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a "sell" rating in a research note on Thursday, February 20th. Finally, Robert W. Baird lifted their target price on shares of Cheesecake Factory from $52.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Four investment 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's stock. According to MarketBeat, Cheesecake Factory has an average rating of "Hold" and a consensus target price of $52.19.

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.