Natixis Advisors L.P. Grows Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Natixis Advisors L.P. lifted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 529,375 shares of the restaurant operator's stock after purchasing an additional 41,907 shares during the period. Natixis Advisors L.P. owned 1.04% of Cheesecake Factory worth $18,533,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Studio Investment Management LLC acquired a new position in shares of Cheesecake Factory during the third quarter worth $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Cheesecake Factory during the third quarter worth $70,000. Atria Wealth Solutions Inc. acquired a new position in Cheesecake Factory in the fourth quarter valued at $204,000. Hsbc Holdings PLC bought a new stake in Cheesecake Factory during the third quarter valued at $211,000. Finally, Versor Investments LP bought a new position in shares of Cheesecake Factory during the 3rd quarter worth about $261,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler increased their price target on Cheesecake Factory from $33.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Wedbush restated an "outperform" rating and set a $40.00 price target on shares of Cheesecake Factory in a research note on Wednesday, April 10th. Oppenheimer reaffirmed a "market perform" rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Barclays boosted their price target on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, February 22nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Cheesecake Factory has an average rating of "Hold" and a consensus target price of $34.60.

Cheesecake Factory Stock Performance

Shares of CAKE stock traded up $0.96 during trading on Monday, reaching $34.63. 1,312,258 shares of the company's stock traded hands, compared to its average volume of 821,739. The company has a market capitalization of $1.77 billion, a P/E ratio of 16.34, a PEG ratio of 1.12 and a beta of 1.48. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. The firm's 50-day moving average is $35.21 and its 200 day moving average is $33.92. The Cheesecake Factory Incorporated has a 1 year low of $28.58 and a 1 year high of $38.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The business had revenue of $877.00 million for the quarter, compared to analysts' expectations of $876.17 million. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. Equities research analysts expect that The Cheesecake Factory Incorporated will post 3.06 EPS 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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory's payout ratio is 52.43%.

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.