The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Acquired by JCP Investment Management LLC

JCP Investment Management LLC increased its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 181.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 667,210 shares of the restaurant operator's stock after purchasing an additional 430,000 shares during the period. Cheesecake Factory accounts for 18.7% of JCP Investment Management LLC's portfolio, making the stock its largest holding. JCP Investment Management LLC owned 1.31% of Cheesecake Factory worth $31,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cheesecake Factory by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,443,458 shares of the restaurant operator's stock worth $258,238,000 after buying an additional 21,096 shares during the last quarter. Invesco Ltd. raised its position in shares of Cheesecake Factory by 12.4% during the 4th quarter. Invesco Ltd. now owns 1,412,483 shares of the restaurant operator's stock valued at $67,008,000 after buying an additional 155,614 shares in the last quarter. American Century Companies Inc. raised its position in shares of Cheesecake Factory by 15.8% during the 4th quarter. American Century Companies Inc. now owns 1,363,051 shares of the restaurant operator's stock valued at $64,663,000 after buying an additional 186,026 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Cheesecake Factory during the 4th quarter valued at about $63,114,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Cheesecake Factory during the 4th quarter valued at about $56,288,000. 94.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAKE. JPMorgan Chase & Co. decreased their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Piper Sandler lifted their price target on shares of Cheesecake Factory from $47.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Barclays dropped their price target on shares of 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 lifted their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Cheesecake Factory from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.60.

Cheesecake Factory Stock Performance

Cheesecake Factory stock traded up $1.03 during mid-day trading on Friday, reaching $56.06. 1,380,721 shares of the company traded hands, compared to its average volume of 1,201,561. 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 Cheesecake Factory Incorporated has a fifty-two week low of $33.50 and a fifty-two week high of $57.32. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The firm's fifty day moving average is $48.90 and its two-hundred day moving average is $49.71.

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

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 of this dividend is Wednesday, May 14th. Cheesecake Factory's dividend payout ratio (DPR) is presently 33.86%.

Insider Buying and Selling

In other Cheesecake Factory news, CFO Matthew Eliot Clark sold 29,000 shares of the 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 transaction, the chief financial officer now directly owns 39,856 shares of the company's stock, valued at $2,134,687.36. This trade represents a 42.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Overton sold 100,000 shares of the 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 transaction, the chairman now directly owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. The trade was a 3.13% 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 insiders.

Cheesecake Factory Company 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.