Bridgefront Capital LLC Has $967,000 Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Bridgefront Capital LLC grew its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 203.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,394 shares of the restaurant operator's stock after acquiring an additional 13,682 shares during the period. Bridgefront Capital LLC's holdings in Cheesecake Factory were worth $967,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lido Advisors LLC increased its holdings in Cheesecake Factory by 2.0% in the 4th quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator's stock valued at $513,000 after buying an additional 215 shares during the period. Summit Investment Advisors Inc. increased its position in Cheesecake Factory by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator's stock worth $240,000 after purchasing an additional 228 shares during the period. Truist Financial Corp boosted its position in shares of Cheesecake Factory by 3.3% during the fourth quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock worth $382,000 after buying an additional 257 shares during the period. Blair William & Co. IL lifted its stake in Cheesecake Factory by 5.2% in the 4th quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator's stock valued at $274,000 after purchasing an additional 283 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake 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 acquiring an additional 320 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CAKE shares. JPMorgan Chase & Co. decreased their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley upped their price target on Cheesecake Factory from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Citigroup cut their price target on Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. UBS Group lifted their target price on shares of Cheesecake Factory from $41.00 to $45.00 and gave the stock a "sell" rating in a research report on Thursday, February 20th. Finally, Barclays reduced their target price on shares of Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.63.

Cheesecake Factory Stock Performance

CAKE stock traded up $0.61 during midday trading on Wednesday, reaching $50.11. The company had a trading volume of 918,020 shares, compared to its average volume of 1,222,539. The Cheesecake Factory Incorporated has a fifty-two week low of $33.50 and a fifty-two week high of $57.32. The firm has a market capitalization of $2.48 billion, a PE ratio of 15.66, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $48.54 and a 200 day moving average price of $49.28.

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

Cheesecake Factory Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.16%. Cheesecake Factory's dividend payout ratio (DPR) is presently 33.86%.

Insiders Place Their Bets

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the 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 owns 39,856 shares in the company, valued at $2,134,687.36. This trade represents a 42.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David Overton sold 100,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chairman now owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. This represents a 3.13 % 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.

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.