The Alaska Division of Revenue trimmed its holdings in The Cheesecake Factory Incorporated (NASDAQ: CAKE – Get Rating) 1.5% in the first quarter, HoldingsChannel.com reports. The company owned 33,846 shares of the restaurant operator’s stock after selling 505 shares during the quarter. The Alaska Department of Revenue’s holdings of the Cheesecake Factory were valued at $1,346,000 as of the most recent SEC filings.
Other institutional investors and hedge funds have also made changes to their positions in the company. The Public Sector Retirement Investment Board boosted its stake in the Cheesecake Factory by 0.8% in the fourth quarter. The Public Sector Pensions Investment Board now owns 98,820 shares of the restaurant operator’s stock, valued at $3,869,000 after purchasing an additional 770 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cheesecake Factory by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,001,790 shares of the restaurant operator’s stock valued at $39,221,000 after purchasing an additional 3,187 shares in the last quarter. CIBC Asset Management Inc. acquired a new position in Cheesecake Factory in the fourth quarter valued at approximately $234,000. First Eagle Investment Management LLC boosted its stake in Cheesecake Factory by 156.4% in the fourth quarter. First Eagle Investment Management LLC now owns 20,000 shares of the restaurant operator’s stock valued at $783,000 after acquiring an additional 12,200 shares during the period. Finally, First Republic Investment Management Inc. Its stakes in shares of Cheesecake Factory increased by 2.2% in the fourth quarter. First Republic Investment Management Inc. Now 42,497 shares of the restaurant operator’s stock are valued at $1,664,000 after acquiring an additional 910 shares during the period. 87.42% of the shares are owned by hedge funds and other institutional investors.
Several research companies have recently focused on a cake. Citigroup lowered its price target on Cheesecake Factory from $52.00 to $43.00 and assigned a “buy” rating to the company in a report on Thursday, June 16th. StockNews.com began covering the Cheesecake Factory in a report on Thursday, March 31. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered its price target on the Cheesecake Factory from $47.00 to $43.00 in a report on Thursday, April 28. Barclays lowered its price target on Cheesecake Factory from $39.00 to $32.00 and assigned an “underweight” rating to the company in a report on Thursday, June 9. Finally, Piper Sandler lowered the target price on Cheesecake Factory from $44.00 to $38.00 and assigned a “neutral” rating to the company in a report on Monday, June 13. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on MarketBeat data, the Cheesecake Factory currently has an average rating of “Hold” and an average price target of $47.50.
CAKE shares opened at $27.71 on Monday. The Cheesecake Factory Incorporated recorded a 52-week low of $26.12 and a 52-week high of $55.31. The stock has a market capitalization of $1.46 billion, a P/E ratio of 18.47, a P/E ratio of 1.15 and a beta of 1.45. The company has a 50-day simple moving average of $31.85 and a 200-day simple moving average of $35.97. The company has a quick ratio of 0.54, a trading ratio of 0.62 and a debt-to-equity ratio of 1.31.
The Cheesecake Factory (NASDAQ: CAKE – Get Rating) last announced its quarterly earnings results on Wednesday, April 27. The restaurant operator reported earnings of $0.47 per share for the quarter, missing analyst estimates of $0.50 ($0.03). The Cheesecake Factory generated a net profit margin of 2.96% and a return on equity of 38.98%. The company generated $793.71 million in revenue for the quarter, compared to analyst expectations of $782.10 million. During the same quarter in the previous year, the company earned $0.20 EPS. On average, sell-side analysts expect The Cheesecake Factory Incorporated to post 2.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 24th. Shareholders of record on Wednesday, May 11th received a cash dividend of $0.27. This represents a dividend of $1.08 year-over-year and a dividend yield of 3.90%. The ex-dividend date was Tuesday, May 10th. The Cheesecake Factory has a dividend payout ratio of 72.00%.
Company Profile Cheesecake Factory (Get Rating)
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produce cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery clients, outside food service operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under the brands, including 208 The Cheesecake Factory and 29 North Italia; and a group of Fox Restaurant Concepts, as well as 29 restaurants at The Cheesecake Factory under international licensing agreements.
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