Rockefeller Capital Management L.P. Buys 7,133 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Rockefeller Capital Management L.P. lifted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,183 shares of the restaurant operator's stock after acquiring an additional 7,133 shares during the quarter. Rockefeller Capital Management L.P. owned 0.23% of Cheesecake Factory worth $5,464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in Cheesecake Factory in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in shares of Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock valued at $29,000 after buying an additional 320 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Cheesecake Factory during the 4th quarter worth $43,000. Venturi Wealth Management LLC increased its holdings in Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 1,207 shares during the last quarter. Finally, KBC Group NV raised its stake in Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator's stock valued at $110,000 after acquiring an additional 741 shares during the period. Hedge funds and other institutional investors own 94.48% of the company's stock.

Cheesecake Factory Trading Up 2.1 %

Shares of CAKE traded up $1.04 during mid-day trading on Wednesday, reaching $51.45. The company's stock had a trading volume of 284,988 shares, compared to its average volume of 1,183,762. The Cheesecake Factory Incorporated has a 52 week low of $33.44 and a 52 week high of $57.32. The stock has a market cap of $2.54 billion, a PE ratio of 16.08, a P/E/G ratio of 1.31 and a beta of 1.24. The company's fifty day moving average price is $49.43 and its two-hundred day moving average price is $48.60. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The business had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. On average, analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Cheesecake Factory's payout ratio is 33.75%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CAKE shares. Citigroup reduced their target price on shares of Cheesecake Factory from $67.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Stephens reissued an "overweight" rating and set a $60.00 target price on shares of Cheesecake Factory in a report on Thursday, February 20th. The Goldman Sachs Group raised their price target on Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Barclays decreased their price objective on Cheesecake Factory from $50.00 to $46.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on Cheesecake Factory from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.06.

Insider Buying and Selling at Cheesecake Factory

In other news, Chairman David Overton sold 100,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. The trade was a 3.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Eliot Clark sold 29,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the sale, the chief financial officer now directly owns 39,856 shares in the company, valued at $2,134,687.36. The trade was a 42.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

About Cheesecake Factory

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.