Advisors Preferred LLC Invests $2.34 Million in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Advisors Preferred LLC purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,945 shares of the restaurant operator's stock, valued at approximately $2,335,000. Advisors Preferred LLC owned 0.13% of Cheesecake Factory at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CAKE. Vanguard Group Inc. lifted its stake in Cheesecake Factory by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,568,464 shares of the restaurant operator's stock worth $168,724,000 after purchasing an additional 22,099 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Cheesecake Factory by 0.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,799,304 shares of the restaurant operator's stock worth $133,166,000 after purchasing an additional 21,505 shares during the last quarter. State Street Corp lifted its stake in Cheesecake Factory by 0.7% during the third quarter. State Street Corp now owns 1,751,453 shares of the restaurant operator's stock worth $51,283,000 after purchasing an additional 12,578 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cheesecake Factory by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,044,691 shares of the restaurant operator's stock worth $41,565,000 after purchasing an additional 42,901 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Cheesecake Factory by 3.7% during the second quarter. Geode Capital Management LLC now owns 966,062 shares of the restaurant operator's stock worth $33,406,000 after buying an additional 34,508 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Stock Down 1.7 %

NASDAQ:CAKE traded down $0.60 on Friday, hitting $34.29. The stock had a trading volume of 1,080,495 shares, compared to its average volume of 832,200. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.37 and a current ratio of 0.46. The stock has a market cap of $1.75 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.48. The Cheesecake Factory Incorporated has a 1 year low of $28.58 and a 1 year high of $38.19. The firm's fifty day simple moving average is $35.43 and its two-hundred day simple moving average is $33.22.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $877.00 million during the quarter, compared to analyst estimates of $876.17 million. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Analysts predict that The Cheesecake Factory Incorporated will post 3.08 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 3.15%. Cheesecake Factory's payout ratio is currently 52.43%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Tuesday, January 23rd. Barclays upped their price target on shares of Cheesecake Factory from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, February 22nd. Piper Sandler increased their price objective on shares of Cheesecake Factory from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Wedbush reissued an "outperform" rating and set a $40.00 price objective on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Cheesecake Factory has a consensus rating of "Hold" and an average price target of $34.82.

Cheesecake Factory 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.