The Cheesecake Factory Incorporated $CAKE Stake Increased by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in The Cheesecake Factory by 156.2% in Q1, now owning 24,406 shares worth approximately $1.19 million.
• Various large investors have also significantly increased their holdings, with Wellington Management Group lifting its position by 156.7%, now holding over 3 million shares.
• The Cheesecake Factory's stock has been assigned a consensus rating of "Hold" with a price target of $61.94, amidst fluctuating analyst ratings and a recent sales dip of 2.9%.

Inspire Investing LLC boosted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 156.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,406 shares of the restaurant operator's stock after buying an additional 14,880 shares during the quarter. Inspire Investing LLC's holdings in Cheesecake Factory were worth $1,188,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Cheesecake Factory by 156.7% in the first quarter. Wellington Management Group LLP now owns 3,045,705 shares of the restaurant operator's stock worth $148,204,000 after purchasing an additional 1,859,194 shares during the period. Invesco Ltd. raised its stake in Cheesecake Factory by 83.5% during the first quarter. Invesco Ltd. now owns 2,591,205 shares of the restaurant operator's stock worth $126,088,000 after acquiring an additional 1,178,722 shares during the period. Victory Capital Management Inc. lifted its holdings in Cheesecake Factory by 64.1% in the first quarter. Victory Capital Management Inc. now owns 1,766,131 shares of the restaurant operator's stock worth $85,940,000 after acquiring an additional 689,784 shares during the last quarter. American Century Companies Inc. boosted its stake in Cheesecake Factory by 17.7% in the first quarter. American Century Companies Inc. now owns 1,604,626 shares of the restaurant operator's stock valued at $78,081,000 after acquiring an additional 241,575 shares during the period. Finally, Westwood Holdings Group Inc. bought a new position in shares of Cheesecake Factory during the first quarter valued at approximately $75,795,000. Institutional investors own 94.48% of the company's stock.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, President David M. Gordon sold 43,335 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $63.06, for a total value of $2,732,705.10. Following the transaction, the president owned 24,532 shares of the company's stock, valued at approximately $1,546,987.92. This represents a 63.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexander L. Cappello sold 12,388 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $65.88, for a total value of $816,121.44. Following the sale, the director directly owned 6,806 shares of the company's stock, valued at approximately $448,379.28. This represents a 64.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley raised their price target on Cheesecake Factory from $45.00 to $47.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Cheesecake Factory from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 25th. Barclays lifted their price objective on shares of Cheesecake Factory from $57.00 to $62.00 and gave the company an "underweight" rating in a research report on Wednesday, July 30th. Robert W. Baird set a $64.00 target price on shares of Cheesecake Factory and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial lifted their price target on Cheesecake Factory from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.94.

Cheesecake Factory Price Performance

Shares of CAKE stock traded up $0.45 during mid-day trading on Thursday, hitting $54.85. 693,312 shares of the stock traded hands, compared to its average volume of 1,435,343. The Cheesecake Factory Incorporated has a twelve month low of $38.37 and a twelve month high of $69.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.51. The company's 50-day simple moving average is $62.05 and its 200-day simple moving average is $56.04. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The restaurant operator reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.10. Cheesecake Factory had a return on equity of 45.92% and a net margin of 4.33%.The business had revenue of $955.83 million during the quarter, compared to analysts' expectations of $945.82 million. During the same quarter last year, the business posted $1.09 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.27 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.08 annualized dividend and a yield of 2.0%. Cheesecake Factory's payout ratio is 33.23%.

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.