Victory Capital Management Inc. Purchases 673,076 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Victory Capital Management Inc. boosted its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 166.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,076,347 shares of the restaurant operator's stock after purchasing an additional 673,076 shares during the quarter. Victory Capital Management Inc. owned about 2.11% of Cheesecake Factory worth $51,062,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CAKE. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its position in shares of Cheesecake Factory by 108.1% in the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 320 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Cheesecake Factory in the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC raised its stake in shares of Cheesecake Factory by 1,149.5% in 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 in the last quarter. Finally, KBC Group NV raised its stake 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 in the last quarter. Institutional investors own 94.48% of the company's stock.

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Insider Buying and Selling at Cheesecake Factory

In other news, CFO Matthew Eliot Clark sold 29,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total transaction 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. The trade was a 42.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David Overton sold 100,000 shares of the business'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 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 position. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price on Cheesecake Factory from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Robert W. Baird upped their target price on Cheesecake Factory from $52.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. UBS Group upped their target price on Cheesecake Factory from $41.00 to $45.00 and gave the company a "sell" rating in a research note on Thursday, February 20th. Jefferies Financial Group upped their target price on Cheesecake Factory from $49.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Barclays upped their target price on Cheesecake Factory from $46.00 to $50.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.19.

Cheesecake Factory Trading Up 1.9 %

CAKE traded up $0.94 during midday trading on Friday, reaching $49.16. 2,007,610 shares of the company were exchanged, compared to its average volume of 1,657,595. 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 Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $57.32. The stock has a market capitalization of $2.54 billion, a P/E ratio of 15.36, a PEG ratio of 1.31 and a beta of 1.55. The stock's 50-day simple moving average is $51.80 and its 200 day simple moving average is $46.60.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released 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. The company 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%. As a group, analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The business 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 $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.20%. Cheesecake Factory's dividend payout ratio is presently 33.75%.

Cheesecake Factory 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.