2 weeks Ago By ABMN Staff
Renaissance Technologies LLC raised its holdings in shares of The Cheesecake Factory Incorporated ( NASDAQ:CAKE – Free Report ) by 1,231.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,445 shares of the restaurant operator’s stock after purchasing an additional 126,200 shares during the period.
Renaissance Technologies LLC owned about 0.27% of Cheesecake Factory worth $6,473,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently modified their holdings of CAKE.
Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory during the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its position 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 purchasing an additional 320 shares during the period. SBI Securities Co. Ltd.
bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $43,000. Venturi Wealth Management LLC boosted its position in Cheesecake Factory by 1,149.5% during the 4th 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 during the period. Finally, KBC Group NV grew its stake in 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 buying an additional 741 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets Several research firms have recently commented on CAKE. Wedbush upped their price target on shares of Cheesecake Factory from $59.00 to $61.
00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on Cheesecake Factory from $55.
00 to $48.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group raised their price target on Cheesecake Factory from $56.
00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Citigroup decreased their target price on shares of Cheesecake Factory from $67.
00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Cheesecake Factory 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.
75. Insider Transactions at Cheesecake Factory In related news, CFO Matthew Eliot Clark sold 29,000 shares of the firm’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, Chairman David Overton sold 100,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.
08, for a total transaction of $5,308,000.00. Following the completion of the transaction, 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 . 8.10% of the stock is currently owned by corporate insiders.
Cheesecake Factory Stock Performance CAKE opened at $47.87 on Friday. The stock has a 50-day moving average of $49.
52 and a 200-day moving average of $48.49. 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 52-week low of $33.44 and a 52-week high of $57.32.
The company has a market cap of $2.37 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.
31 and a beta of 1.24. Cheesecake Factory ( NASDAQ:CAKE – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 19th.
The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.
13. The business had revenue of $920.96 million during the quarter, compared to analysts’ expectations of $912.
67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.
89%. As a group, equities research analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.
Cheesecake Factory Announces Dividend The firm 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.
The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.
26%. Cheesecake Factory’s dividend payout ratio is 33.75%.
Cheesecake Factory Company Profile ( Free Report ) 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. See Also Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.
com's FREE daily email newsletter ..
