Louisiana State Employees Retirement System Purchases Shares of 23,400 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Louisiana State Employees Retirement System acquired a new stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 23,400 shares of the restaurant operator's stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAKE. Studio Investment Management LLC purchased a new position in Cheesecake Factory during the third quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new position in Cheesecake Factory during the third quarter worth about $70,000. Hsbc Holdings PLC purchased a new position in Cheesecake Factory during the third quarter worth about $211,000. Versor Investments LP purchased a new position in Cheesecake Factory during the third quarter worth about $261,000. Finally, Seven Eight Capital LP purchased a new position in Cheesecake Factory during the third quarter worth about $275,000. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAKE has been the subject of a number of research reports. Oppenheimer reiterated a "market perform" rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Barclays upped their price objective on Cheesecake Factory from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. Piper Sandler upped their price objective on Cheesecake Factory from $33.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Stephens reiterated an "overweight" rating and issued a $44.00 price objective on shares of Cheesecake Factory in a report on Friday, April 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $40.00 price objective on shares of Cheesecake Factory in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.64.

Cheesecake Factory Trading Up 1.4 %

CAKE traded up $0.47 during midday trading on Friday, reaching $35.36. 721,152 shares of the company's stock traded hands, compared to its average volume of 822,635. The firm has a fifty day moving average of $35.31 and a two-hundred day moving average of $33.76. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.16 and a beta of 1.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. The Cheesecake Factory Incorporated has a 52 week low of $28.58 and a 52 week high of $38.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.07. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The business had revenue of $877.00 million during the quarter, compared to analyst estimates of $876.17 million. During the same quarter in the prior year, the company posted $0.56 EPS. Cheesecake Factory's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.06 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory's dividend payout ratio is currently 52.43%.

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.