14,984 Shares in The Cheesecake Factory Incorporated (NASDAQ:CAKE) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,984 shares of the restaurant operator's stock, valued at approximately $711,000.

Several other institutional investors have also made changes to their positions in CAKE. Golden State Wealth Management LLC acquired a new position in Cheesecake Factory in the 4th quarter valued at $25,000. Versant Capital Management Inc grew its stake 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. bought a new position in Cheesecake Factory in the 4th quarter valued at about $43,000. Venturi Wealth Management LLC raised its position in shares of Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock valued at $62,000 after buying an additional 1,207 shares in the last quarter. Finally, KBC Group NV lifted its holdings 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 acquiring an additional 741 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.56, for a total value of $1,553,240.00. Following the completion of the sale, the chief financial officer now directly owns 39,856 shares in the company, valued at approximately $2,134,687.36. This trade represents a 42.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David Overton sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 3,092,147 shares in the company, valued at $164,131,162.76. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAKE shares. Morgan Stanley boosted their price objective on shares of Cheesecake Factory from $39.00 to $40.00 and gave the company an "underweight" rating in a research report on Thursday. Piper Sandler upped their price objective on Cheesecake Factory from $47.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. The Goldman Sachs Group lifted their target price on Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. William Blair reissued an "outperform" rating on shares of Cheesecake Factory in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.63.

Cheesecake Factory Trading Up 0.2 %

CAKE stock traded up $0.09 during trading on Monday, hitting $50.40. The company had a trading volume of 1,061,940 shares, compared to its average volume of 1,223,903. The business has a 50-day moving average of $48.74 and a 200-day moving average of $49.22. The Cheesecake Factory Incorporated has a one year low of $33.50 and a one year high of $57.32. The stock has a market cap of $2.49 billion, a PE ratio of 15.75, a PEG ratio of 1.31 and a beta of 1.11. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. The company had revenue of $927.20 million for the quarter, compared to analyst estimates of $927.17 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The company's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Research analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, May 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. Cheesecake Factory's payout ratio is 33.86%.

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.