The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 115,183 shares of the restaurant operator’s stock after buying an additional 7,133 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cheesecake Factory were worth $5,464,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. 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 lifted its position in Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after buying an additional 320 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Cheesecake Factory in the 4th quarter valued at $43,000. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 1,207 shares during the period. Finally, KBC Group NV boosted 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 valued at $110,000 after acquiring an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 2.3 %

Shares of NASDAQ CAKE opened at $47.87 on Friday. The Cheesecake Factory Incorporated has a 1 year low of $33.42 and a 1 year high of $57.32. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. 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 business has a 50-day moving average of $49.61 and a two-hundred day moving average of $48.40.

Cheesecake Factory (NASDAQ:CAKE) last released 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. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The company had revenue of $920.96 million for the quarter, compared to analysts’ expectations of $912.67 million. On average, analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

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 dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory’s payout ratio is 33.75%.

Insider Transactions at Cheesecake Factory

In other Cheesecake Factory news, Chairman David Overton sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 directly owns 39,856 shares in the company, valued at $2,134,687.36. The trade was a 42.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CAKE. Wedbush boosted their target price on shares of Cheesecake Factory from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company upped their price target on Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Piper Sandler upped their target price on shares of Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Oppenheimer raised shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Four 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, the company has an average rating of “Hold” and an average price target of $52.75.

Cheesecake Factory Company 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.