Headlands Technologies LLC Purchases New Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Headlands Technologies LLC acquired a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,385 shares of the restaurant operator’s stock, valued at approximately $1,062,000.

Several other large investors have also modified their holdings of CAKE. First Eagle Investment Management LLC boosted its holdings in shares of Cheesecake Factory by 9.7% in the fourth quarter. First Eagle Investment Management LLC now owns 360,718 shares of the restaurant operator’s stock valued at $17,112,000 after purchasing an additional 32,000 shares during the period. Ruffer LLP bought a new position in Cheesecake Factory in the fourth quarter worth about $9,401,000. Principal Financial Group Inc. lifted its position in shares of Cheesecake Factory by 9.6% during the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock valued at $10,364,000 after buying an additional 22,416 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Cheesecake Factory by 252.6% in the 4th quarter. Versor Investments LP now owns 22,752 shares of the restaurant operator’s stock valued at $1,079,000 after buying an additional 16,300 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of Cheesecake Factory in the 4th quarter worth approximately $513,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

CAKE has been the topic of several research analyst reports. Piper Sandler boosted their target price on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Cheesecake Factory in a report on Thursday, February 20th. Raymond James raised their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Robert W. Baird set a $50.00 price target on shares of Cheesecake Factory in a report on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.38.

Insiders Place Their Bets

In other news, Chairman David Overton sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. This represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory 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 sale, the chief financial officer now owns 39,856 shares of the company’s stock, valued at approximately $2,134,687.36. This trade represents a 42.12 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Cheesecake Factory Trading Up 4.5 %

Cheesecake Factory stock opened at $50.86 on Wednesday. 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 has a market cap of $2.63 billion, a PE ratio of 15.89, a P/E/G ratio of 1.31 and a beta of 1.55. The stock has a 50-day moving average price of $51.67 and a 200 day moving average price of $47.87. The Cheesecake Factory Incorporated has a 52 week low of $33.05 and a 52 week high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The firm had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.67 million. Equities research analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory’s dividend payout ratio (DPR) 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.