Versor Investments LP Has $1.08 Million Stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Versor Investments LP boosted its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 252.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,752 shares of the restaurant operator’s stock after acquiring an additional 16,300 shares during the quarter. Versor Investments LP’s holdings in Cheesecake Factory were worth $1,079,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its stake in Cheesecake Factory by 3.7% during the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock worth $76,084,000 after acquiring an additional 67,550 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Cheesecake Factory during the fourth quarter worth $63,114,000. Geode Capital Management LLC raised its stake in Cheesecake Factory by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,118,549 shares of the restaurant operator’s stock worth $45,365,000 after acquiring an additional 12,493 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cheesecake Factory by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 597,901 shares of the restaurant operator’s stock worth $24,245,000 after acquiring an additional 6,872 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Cheesecake Factory by 32.7% during the third quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after acquiring an additional 99,341 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAKE. Piper Sandler increased their price objective on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Raymond James increased their target price on Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Robert W. Baird increased their target price on Cheesecake Factory from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. UBS Group increased their target price on Cheesecake Factory from $41.00 to $45.00 and gave the stock a “sell” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group increased their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $52.19.

Cheesecake Factory Trading Down 2.2 %

NASDAQ CAKE opened at $52.47 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.31 and a beta of 1.51. 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 stock’s 50-day moving average is $51.51 and its 200-day moving average is $45.97. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) 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%. Sell-side analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, March 5th. 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.