31,621 Shares in The Cheesecake Factory Incorporated (NASDAQ:CAKE) Bought by Twinbeech Capital LP

Twinbeech Capital LP acquired a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,621 shares of the restaurant operator's stock, valued at approximately $1,500,000. Twinbeech Capital LP owned approximately 0.06% of Cheesecake Factory at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Cheesecake Factory during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Cheesecake Factory during the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC boosted its holdings in Cheesecake Factory by 1,149.5% during the fourth 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 in the last quarter. KBC Group NV boosted its holdings in Cheesecake Factory by 46.9% during the fourth 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Cheesecake Factory by 208.8% during the fourth 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 in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the completion of the sale, the chief financial officer now owns 39,856 shares of the company's stock, valued at approximately $2,134,687.36. The trade was a 42.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David Overton sold 100,000 shares of the business'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 directly owns 3,092,147 shares of the company's stock, valued at $164,131,162.76. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.40% of the company's stock.

Analyst Ratings Changes

CAKE has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and issued a $60.00 target price on shares of Cheesecake Factory in a research note on Thursday, May 1st. William Blair reiterated an "outperform" rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. UBS Group lifted their target price on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a "sell" rating in a research note on Thursday, February 20th. Argus set a $60.00 target price on shares of Cheesecake Factory in a research note on Wednesday, May 14th. Finally, Robert W. Baird lifted their target price on shares of Cheesecake Factory from $46.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $54.00.

Cheesecake Factory Trading Up 6.2%

CAKE stock traded up $3.28 during trading on Tuesday, hitting $55.86. The company had a trading volume of 325,942 shares, compared to its average volume of 1,190,400. 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 firm has a 50-day moving average price of $49.82 and a 200-day moving average price of $50.11. The Cheesecake Factory Incorporated has a 12 month low of $33.50 and a 12 month high of $57.32. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.31 and a beta of 1.11.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released 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. 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 quarter in the previous year, the business earned $0.73 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Wednesday, May 14th. Cheesecake Factory's dividend payout ratio is presently 33.86%.

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.