JCP Investment Management LLC Raises Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

JCP Investment Management LLC grew its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 181.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 667,210 shares of the restaurant operator's stock after purchasing an additional 430,000 shares during the period. Cheesecake Factory makes up approximately 18.7% of JCP Investment Management LLC's holdings, making the stock its biggest position. JCP Investment Management LLC owned 1.31% of Cheesecake Factory worth $31,652,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CAKE. Principal Financial Group Inc. grew its holdings in Cheesecake Factory by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator's stock worth $10,364,000 after buying an additional 22,416 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Cheesecake Factory during the 4th quarter worth $63,114,000. Janney Montgomery Scott LLC bought a new position in shares of Cheesecake Factory in the fourth quarter worth $270,000. New Century Financial Group LLC acquired a new position in shares of Cheesecake Factory during the fourth quarter valued at $1,142,000. Finally, KBC Group NV raised its stake in shares of 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. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird raised 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. Citigroup dropped their target price on Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. UBS Group boosted their price objective on Cheesecake Factory from $41.00 to $45.00 and gave the stock a "sell" rating in a research note on Thursday, February 20th. Finally, William Blair reaffirmed an "outperform" rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. 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. According to MarketBeat, Cheesecake Factory presently has an average rating of "Hold" and a consensus target price of $53.60.

Cheesecake Factory Stock Up 0.5 %

CAKE stock opened at $50.17 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The firm has a market capitalization of $2.48 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.31 and a beta of 1.11. The Cheesecake Factory Incorporated has a 52-week low of $33.50 and a 52-week high of $57.32. The company's 50 day simple moving average is $48.51 and its 200-day simple moving average is $49.44.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share (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 net margin of 4.38% and a return on equity of 45.89%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities research analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS for the current 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 paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.08 annualized dividend and a yield of 2.15%. Cheesecake Factory's dividend payout ratio (DPR) is presently 33.86%.

Insider Buying and Selling at Cheesecake Factory

In other news, Chairman David Overton sold 100,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Eliot Clark sold 29,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 39,856 shares in the company, valued at $2,134,687.36. This represents a 42.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.40% of the company's stock.

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.

Want to see what other hedge funds are holding CAKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report).

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.