Sapient Capital LLC Invests $6.84 Million in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Sapient Capital LLC purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 195,304 shares of the restaurant operator's stock, valued at approximately $6,838,000. Sapient Capital LLC owned approximately 0.38% of Cheesecake Factory as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Studio Investment Management LLC acquired a new position in Cheesecake Factory in the 3rd quarter valued at $25,000. Tower Research Capital LLC TRC raised its holdings in Cheesecake Factory by 338.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 982 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 758 shares in the last quarter. State of Wyoming acquired a new position in Cheesecake Factory in the 2nd quarter valued at $59,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cheesecake Factory in the 3rd quarter valued at $70,000. Finally, Quantbot Technologies LP increased its stake in shares of Cheesecake Factory by 356.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator's stock valued at $104,000 after purchasing an additional 3,097 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Trading Down 1.7 %

Shares of NASDAQ:CAKE traded down $0.60 during midday trading on Thursday, reaching $33.84. The company's stock had a trading volume of 764,517 shares, compared to its average volume of 831,974. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.10 and a beta of 1.48. 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 firm has a 50 day moving average price of $35.42 and a two-hundred day moving average price of $33.36. The Cheesecake Factory Incorporated has a fifty-two week low of $28.58 and a fifty-two week high of $38.19.

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

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory's dividend payout ratio (DPR) is currently 52.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Cheesecake Factory from $33.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. Oppenheimer reiterated a "market perform" rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. Wedbush reiterated an "outperform" rating and issued a $40.00 price target on shares of Cheesecake Factory in a research note on Wednesday. JPMorgan Chase & Co. lowered Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research note on Tuesday, January 23rd. Finally, Barclays lifted their price target on Cheesecake Factory from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $34.82.

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.