20,489 Shares in The Cheesecake Factory Incorporated (NASDAQ:CAKE) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,489 shares of the restaurant operator’s stock, valued at approximately $972,000.

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

Analysts Set New Price Targets

CAKE has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Oppenheimer raised shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Cheesecake Factory in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Four 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $52.38.

Insider Buying and Selling at Cheesecake Factory

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

Cheesecake Factory Stock Performance

CAKE opened at $45.68 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The Cheesecake Factory Incorporated has a 52-week low of $33.05 and a 52-week high of $57.32. The firm has a market cap of $2.36 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. The business’s fifty day moving average is $51.47 and its 200-day moving average is $48.08.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Sell-side analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.36%. Cheesecake Factory’s dividend payout ratio (DPR) is 33.75%.

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.