Intech Investment Management LLC Purchases 8,692 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Intech Investment Management LLC boosted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 48.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,528 shares of the restaurant operator’s stock after buying an additional 8,692 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Cheesecake Factory worth $1,258,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAKE. State Street Corp boosted its position in shares of Cheesecake Factory by 3.7% during the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after purchasing an additional 67,550 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Cheesecake Factory during the 4th quarter worth approximately $63,114,000. Geode Capital Management LLC grew its position in shares of Cheesecake Factory by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,118,549 shares of the restaurant operator’s stock worth $45,365,000 after buying an additional 12,493 shares during the period. Victory Capital Management Inc. increased its stake in shares of Cheesecake Factory by 166.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,076,347 shares of the restaurant operator’s stock valued at $51,062,000 after acquiring an additional 673,076 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Cheesecake Factory by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 618,670 shares of the restaurant operator’s stock worth $29,350,000 after acquiring an additional 20,769 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Up 0.4 %

CAKE stock opened at $48.70 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 15.22, a P/E/G ratio of 1.31 and a beta of 1.55. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $51.50 and its two-hundred day simple moving average is $47.10. The Cheesecake Factory Incorporated has a 1-year low of $33.05 and a 1-year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) 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 the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory’s dividend payout ratio (DPR) is 33.75%.

Insiders Place Their Bets

In related news, CFO Matthew Eliot Clark sold 29,000 shares of the company’s stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed 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 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 $164,131,162.76. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. UBS Group raised their price objective on Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday, February 20th. Piper Sandler upped their target price on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Citigroup reissued a “buy” rating on shares of Cheesecake Factory in a research report on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on shares of Cheesecake Factory from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.81.

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.