CastleKnight Management LP Has $361,000 Stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

CastleKnight Management LP lessened its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,600 shares of the restaurant operator's stock after selling 6,400 shares during the quarter. CastleKnight Management LP's holdings in Cheesecake Factory were worth $361,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Cheesecake Factory during the 4th quarter valued at $25,000. Versant Capital Management Inc raised its position in shares of Cheesecake Factory by 108.1% in 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Cheesecake Factory in the 4th quarter valued at about $43,000. Venturi Wealth Management LLC increased its position in 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 boosted its stake in 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 purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Stephens reiterated an "overweight" rating and issued a $60.00 target price on shares of Cheesecake Factory in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Cheesecake Factory from $45.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group raised 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. Finally, Barclays reduced their price objective on Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $53.60.

Cheesecake Factory Stock Up 2.8%

Shares of NASDAQ CAKE traded up $1.41 during trading on Monday, reaching $51.54. 494,413 shares of the stock were exchanged, compared to its average volume of 1,202,558. The Cheesecake Factory Incorporated has a twelve month low of $33.50 and a twelve month high of $57.32. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth 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 business's 50-day moving average price is $48.51 and its 200 day moving average price is $49.50.

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

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%. Cheesecake Factory's dividend payout ratio is currently 33.86%.

Insider Activity

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,134,687.36. The trade was a 42.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David Overton sold 100,000 shares of the company's 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 directly owns 3,092,147 shares of the company's stock, 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. 8.40% of the stock is owned by company insiders.

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.