GAMMA Investing LLC Has $3.82 Million Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

GAMMA Investing LLC increased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 5,297.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,537 shares of the restaurant operator's stock after purchasing an additional 77,082 shares during the period. GAMMA Investing LLC owned approximately 0.15% of Cheesecake Factory worth $3,822,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAKE. Wellington Management Group LLP bought a new stake in Cheesecake Factory in the fourth quarter worth $56,288,000. Victory Capital Management Inc. boosted its holdings in Cheesecake Factory by 166.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,076,347 shares of the restaurant operator's stock valued at $51,062,000 after acquiring an additional 673,076 shares during the period. Junto Capital Management LP bought a new stake in Cheesecake Factory during the fourth quarter valued at about $21,827,000. JCP Investment Management LLC boosted its holdings in Cheesecake Factory by 181.3% during the fourth quarter. JCP Investment Management LLC now owns 667,210 shares of the restaurant operator's stock valued at $31,652,000 after acquiring an additional 430,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Cheesecake Factory by 322.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 382,383 shares of the restaurant operator's stock valued at $18,140,000 after acquiring an additional 291,905 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE traded down $1.77 during mid-day trading on Friday, hitting $57.02. 1,992,742 shares of the stock were exchanged, compared to its average volume of 1,215,360. The company has a market cap of $2.82 billion, a P/E ratio of 17.82, a PEG ratio of 1.31 and a beta of 1.14. The stock's fifty day simple moving average is $52.06 and its two-hundred day simple moving average is $50.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The Cheesecake Factory Incorporated has a twelve month low of $33.50 and a twelve month high of $59.45.

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

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.89%. Cheesecake Factory's dividend payout ratio is 33.86%.

Insider Transactions at Cheesecake Factory

In related news, insider Keith Carango sold 50,500 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $55.12, for a total transaction of $2,783,560.00. Following the sale, the insider now directly owns 20,774 shares in the company, valued at $1,145,062.88. This trade represents a 70.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Eliot Clark sold 42,900 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $56.00, for a total transaction of $2,402,400.00. Following the sale, the chief financial officer now owns 40,878 shares in the company, valued at approximately $2,289,168. The trade was a 51.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,000 shares of company stock valued at $7,456,992 over the last three months. 8.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CAKE has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Cheesecake Factory from $39.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. Wedbush upped their price target 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. Stephens reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Cheesecake Factory in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company increased their target price on shares of Cheesecake Factory from $45.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Cheesecake Factory presently has a consensus rating of "Hold" and a consensus target price of $54.00.

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.