Sherbrooke Park Advisers LLC Invests $286,000 in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Sherbrooke Park Advisers LLC acquired a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 6,019 shares of the restaurant operator's stock, valued at approximately $286,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Cheesecake Factory in the 4th quarter valued at approximately $43,000. Venturi Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 1,207 shares during the period. KBC Group NV lifted its stake in shares of Cheesecake Factory by 46.9% in 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 period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Cheesecake Factory by 208.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,628 shares of the restaurant operator's stock valued at $125,000 after purchasing an additional 1,777 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Stock Down 2.7%

Cheesecake Factory stock opened at $54.54 on Tuesday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.31 and a beta of 1.11. The stock has a fifty day simple moving average of $49.22 and a two-hundred day simple moving average of $49.91. The Cheesecake Factory Incorporated has a 12 month low of $33.50 and a 12 month high of $57.32. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19.

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

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 14th. Cheesecake Factory's payout ratio is 33.86%.

Insiders Place Their Bets

In related news, Chairman David Overton sold 100,000 shares of Cheesecake Factory stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $53.08, for a total value of $5,308,000.00. Following the completion of the sale, the chairman now owns 3,092,147 shares of the company's stock, valued at $164,131,162.76. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory stock in a transaction on Thursday, February 27th. The stock was 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 position. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company's stock.

Analysts Set New Price Targets

CAKE has been the subject of a number of research analyst reports. Citigroup lowered their target price 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. Piper Sandler raised their target price on Cheesecake Factory from $47.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Barclays lowered their target price on Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Stephens restated an "overweight" rating and issued a $60.00 target price on shares of Cheesecake Factory in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.