Sapient Capital LLC Purchases Shares of 195,000 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Sapient Capital LLC purchased a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 195,000 shares of the restaurant operator's stock, valued at approximately $6,827,000. Sapient Capital LLC owned about 0.38% of Cheesecake Factory as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Cheesecake Factory by 0.4% in the third quarter. Vanguard Group Inc. now owns 5,568,464 shares of the restaurant operator's stock worth $168,724,000 after buying an additional 22,099 shares during the last quarter. William Blair Investment Management LLC grew its position in Cheesecake Factory by 2.8% during the 3rd quarter. William Blair Investment Management LLC now owns 646,861 shares of the restaurant operator's stock worth $19,600,000 after purchasing an additional 17,521 shares in the last quarter. Natixis Advisors L.P. grew its position in Cheesecake Factory by 8.6% during the 4th quarter. Natixis Advisors L.P. now owns 529,375 shares of the restaurant operator's stock worth $18,533,000 after purchasing an additional 41,907 shares in the last quarter. American Century Companies Inc. grew its position in Cheesecake Factory by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 476,762 shares of the restaurant operator's stock worth $14,446,000 after purchasing an additional 9,409 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Cheesecake Factory by 46.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 411,017 shares of the restaurant operator's stock worth $12,454,000 after purchasing an additional 131,295 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Stock Up 0.6 %

NASDAQ:CAKE traded up $0.20 during trading hours on Friday, reaching $33.67. The company's stock had a trading volume of 942,395 shares, compared to its average volume of 769,642. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48. The Cheesecake Factory Incorporated has a one year low of $28.58 and a one year high of $38.19. The business's 50-day moving average is $35.21 and its 200-day moving average is $33.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The firm had revenue of $877.00 million during the quarter, compared to analysts' expectations of $876.17 million. During the same period in the prior year, the company posted $0.56 earnings per share. Cheesecake Factory's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that The Cheesecake Factory Incorporated will post 3.06 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory's dividend payout ratio (DPR) is 52.43%.

Analyst Ratings Changes

Several research firms have weighed in on CAKE. Barclays lifted their price objective on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. cut shares of Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price target on the stock. in a report on Tuesday, January 23rd. Oppenheimer restated a "market perform" rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Piper Sandler boosted their price target on shares of Cheesecake Factory from $33.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. Finally, Stephens restated an "overweight" rating and set a $44.00 price target on shares of Cheesecake Factory in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Cheesecake Factory presently has a consensus rating of "Hold" and an average price target of $34.60.

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.