Delphi Management Inc. MA Has $1.56 Million Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Delphi Management Inc. MA lessened its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,837 shares of the restaurant operator’s stock after selling 3,865 shares during the quarter. Cheesecake Factory makes up about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 16th biggest position. Delphi Management Inc. MA owned about 0.06% of Cheesecake Factory worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Cheesecake Factory during the 4th quarter worth approximately $25,000. Versant Capital Management Inc increased 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 last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cheesecake Factory during the 4th quarter worth approximately $43,000. Venturi Wealth Management LLC increased its position in shares of 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 worth $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV increased its position in shares of 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 purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

CAKE opened at $47.27 on Tuesday. The business has a fifty day simple moving average of $51.63 and a 200 day simple moving average of $46.96. The company has a market capitalization of $2.44 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $57.32. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33.

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

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.28%. Cheesecake Factory’s payout ratio is 33.75%.

Insider Activity

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. Corporate insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CAKE shares. The Goldman Sachs Group boosted their price target on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Wells Fargo & Company lifted their target price on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Barclays lifted their target price on Cheesecake Factory from $46.00 to $50.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Cheesecake Factory in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory has an average rating of “Hold” and a consensus price target of $52.19.

About Cheesecake Factory

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.