Vanguard Group Inc. Increases Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Vanguard Group Inc. boosted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,443,458 shares of the restaurant operator's stock after purchasing an additional 21,096 shares during the period. Vanguard Group Inc. owned about 10.67% of Cheesecake Factory worth $258,238,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Truist Financial Corp lifted its stake in shares of Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock worth $382,000 after purchasing an additional 257 shares during the period. Versant Capital Management Inc boosted its stake in shares of Cheesecake Factory by 108.1% during 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. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory during the 4th quarter valued at $25,000. Swiss National Bank grew its holdings in Cheesecake Factory by 0.6% during the fourth quarter. Swiss National Bank now owns 95,100 shares of the restaurant operator's stock valued at $4,512,000 after purchasing an additional 600 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Cheesecake Factory by 1.7% during the 4th quarter. HighTower Advisors LLC now owns 40,665 shares of the restaurant operator's stock valued at $1,929,000 after acquiring an additional 676 shares during the period. 94.48% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.56, for a total value of $1,553,240.00. Following the completion of the transaction, the chief financial officer now owns 39,856 shares of the company's stock, valued at approximately $2,134,687.36. This trade represents a 42.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David Overton sold 100,000 shares of Cheesecake Factory stock in a transaction dated 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 sale, the chairman now directly 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. 8.10% of the stock is owned by company insiders.

Cheesecake Factory Trading Down 2.8 %

CAKE stock traded down $1.28 during midday trading on Monday, reaching $44.40. The company's stock had a trading volume of 1,826,350 shares, compared to its average volume of 1,165,863. 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 capitalization of $2.29 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.31 and a beta of 1.24. The stock has a fifty day simple moving average of $51.47 and a two-hundred day simple moving average of $48.08. 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 announced its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share 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 analyst estimates of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. On average, equities research analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Wednesday, March 5th. Cheesecake Factory's dividend payout ratio (DPR) is 33.75%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of Cheesecake Factory from $46.00 to $50.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. William Blair reaffirmed an "outperform" rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. Morgan Stanley increased their price objective on shares of Cheesecake Factory from $37.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Finally, Raymond James boosted their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $52.13.

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.