1 week Ago By Defense World Staff
Geode Capital Management LLC cut its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE – Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,115,130 shares of the restaurant operator’s stock after selling 3,419 shares during the period.
Geode Capital Management LLC owned 2.18% of Cheesecake Factory worth $52,914,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also modified their holdings of CAKE.
HighTower Advisors LLC raised its stake in Cheesecake Factory by 2.7% in the third quarter. HighTower Advisors LLC now owns 39,989 shares of the restaurant operator’s stock valued at $1,616,000 after buying an additional 1,035 shares in the last quarter.
Stifel Financial Corp increased its holdings in shares of Cheesecake Factory by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 79,148 shares of the restaurant operator’s stock valued at $3,209,000 after acquiring an additional 3,342 shares during the last quarter.
State Street Corp raised its position in shares of Cheesecake Factory by 3.7% during the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock worth $76,084,000 after acquiring an additional 67,550 shares in the last quarter.
Y Intercept Hong Kong Ltd purchased a new stake in Cheesecake Factory during the third quarter worth approximately $317,000. Finally, Principal Financial Group Inc. boosted its holdings in Cheesecake Factory by 9.
6% in the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock valued at $10,364,000 after purchasing an additional 22,416 shares in the last quarter.
94.48% of the stock is currently owned by institutional investors and hedge funds. Insiders Place Their BetsIn other Cheesecake Factory news, Chairman David Overton sold 100,000 shares of the stock in a transaction dated Thursday, February 27th.
The shares were sold at an average price of $53.08, for a total value of $5,308,000.00.
Following the completion of the transaction, the chairman now directly owns 3,092,147 shares of the company’s stock, valued at approximately $164,131,162.76. This trade represents a 3.
13 % decrease in their ownership of the stock. 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 that occurred on 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 sale, the chief financial officer now directly owns 39,856 shares in the company, valued at $2,134,687.36. This trade represents a 42.
12 % decrease in their position. The disclosure for this sale can be found here. 8.
10% of the stock is currently owned by company insiders. Analysts Set New Price TargetsA number of analysts have weighed in on CAKE shares. Wells Fargo & Company raised their price objective on shares of Cheesecake Factory from $45.
00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Wedbush lifted their price target on shares of Cheesecake Factory from $59.
00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.
00 price objective for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Cheesecake Factory from $55.
00 to $48.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Finally, Stephens reissued an “overweight” rating and issued a $60.
00 target price on shares of Cheesecake Factory in a research report on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.
com, the company presently has a consensus rating of “Hold” and an average target price of $52.13.Check Out Our Latest Analysis on Cheesecake FactoryCheesecake Factory Stock Up 1.
7 %Shares of Cheesecake Factory stock opened at $46.08 on Monday. The company has a market cap of $2.
38 billion, a P/E ratio of 14.40, a PEG ratio of 1.31 and a beta of 1.
24. The firm has a fifty day moving average of $50.18 and a two-hundred day moving average of $48.
31. 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 one year low of $33.
08 and a one year high of $57.32. Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th.
The restaurant operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.
13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.
89%. The firm had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.
67 million. On average, analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.
Cheesecake Factory Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share.
This represents a $1.08 dividend on an annualized basis and a yield of 2.34%.
The ex-dividend date was Wednesday, March 5th. Cheesecake Factory’s dividend payout ratio is presently 33.75%.
Cheesecake Factory Profile (Free Report)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.See AlsoFive stocks we like better than Cheesecake FactoryWhere Do I Find 52-Week Highs and Lows?Is McDonald’s Stock Serving a Value Meal to Investors? P/E Ratio Calculation: How to Assess StocksWalgreens Comeback? Private Equity Circling for a Buyout3 Home Improvement Stocks that Can Upgrade Your PortfolioCoca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding CAKE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Cheesecake Factory Incorporated (NASDAQ:CAKE – Free Report)..
