UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 13,678 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,208 shares of the restaurant operator's stock after buying an additional 13,678 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Cheesecake Factory worth $4,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAKE. Lido Advisors LLC boosted its stake in shares of Cheesecake Factory by 2.0% in the fourth quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator's stock worth $513,000 after acquiring an additional 215 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Cheesecake Factory by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 228 shares during the period. Truist Financial Corp boosted its stake in shares of Cheesecake Factory by 3.3% in the fourth quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock worth $382,000 after acquiring an additional 257 shares during the period. Blair William & Co. IL boosted its stake in shares of Cheesecake Factory by 5.2% in the fourth quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator's stock worth $274,000 after acquiring an additional 283 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Cheesecake Factory in the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

Insider Buying and Selling at Cheesecake Factory

In other news, insider Keith Carango sold 50,500 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $55.12, for a total transaction of $2,783,560.00. Following the transaction, the insider now owns 20,774 shares of the company's stock, valued at approximately $1,145,062.88. This represents a 70.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Eliot Clark sold 42,900 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $56.00, for a total value of $2,402,400.00. Following the transaction, the chief financial officer now directly owns 40,878 shares in the company, valued at $2,289,168. The trade was a 51.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,200 shares of company stock valued at $6,351,176 in the last quarter. 8.40% of the stock is owned by insiders.

Cheesecake Factory Trading Down 0.6%

Shares of NASDAQ CAKE traded down $0.36 during trading hours on Thursday, hitting $56.70. 1,301,908 shares of the company traded hands, compared to its average volume of 1,204,070. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The company's 50 day moving average price is $50.62 and its 200 day moving average price is $50.46. The Cheesecake Factory Incorporated has a 12 month low of $33.50 and a 12 month high of $58.17.

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

Cheesecake Factory Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, May 14th. Cheesecake Factory's dividend payout ratio (DPR) is presently 33.86%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CAKE shares. Morgan Stanley upped their price objective on Cheesecake Factory from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Piper Sandler increased their price target on Cheesecake Factory from $47.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. UBS Group upped their price objective on Cheesecake Factory from $41.00 to $45.00 and gave the stock a "sell" rating in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Four equities research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.