Bayesian Capital Management LP Takes $702,000 Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Bayesian Capital Management LP bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,800 shares of the restaurant operator's stock, valued at approximately $702,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Cheesecake Factory by 9.6% in the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator's stock valued at $10,364,000 after acquiring an additional 22,416 shares during the period. Versant Capital Management Inc grew its position in 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. Hennessy Advisors Inc. acquired a new position in Cheesecake Factory in the fourth quarter valued at $63,114,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cheesecake Factory in the fourth quarter valued at about $270,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Cheesecake Factory during the fourth quarter worth about $1,142,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Cheesecake Factory Stock Up 0.2 %

CAKE opened at $50.40 on Tuesday. The Cheesecake Factory Incorporated has a one year low of $33.50 and a one year high of $57.32. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.31 and a beta of 1.11. The business's fifty day moving average is $48.68 and its two-hundred day moving average is $49.27. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued 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 firm had revenue of $927.20 million for the quarter, compared to analysts' expectations of $927.17 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed 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 of this dividend is Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. Cheesecake Factory's dividend payout ratio is currently 33.86%.

Analysts Set New Price Targets

Several analysts have commented on CAKE shares. UBS Group upped their price objective on Cheesecake Factory from $41.00 to $45.00 and gave the company a "sell" rating in a research note on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Cheesecake Factory in a report on Thursday, May 1st. Citigroup lowered their price objective on shares of Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wedbush upped their price objective on shares of Cheesecake Factory from $59.00 to $61.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $45.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $52.63.

Insider Buying and Selling

In related news, Chairman David Overton sold 100,000 shares of the stock in a transaction 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 sale, the chairman now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Eliot Clark sold 29,000 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 8.40% of the company's stock.

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.

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