Captrust Financial Advisors Raises Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Captrust Financial Advisors increased its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 17.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,302 shares of the restaurant operator’s stock after purchasing an additional 917 shares during the quarter. Captrust Financial Advisors’ holdings in Cheesecake Factory were worth $299,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP purchased a new stake in Cheesecake Factory during the fourth quarter worth about $702,000. AXA S.A. boosted its stake in shares of Cheesecake Factory by 1.8% in the fourth quarter. AXA S.A. now owns 129,088 shares of the restaurant operator’s stock valued at $6,124,000 after purchasing an additional 2,267 shares during the period. Lido Advisors LLC boosted its stake in Cheesecake Factory by 2.0% during the 4th quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator’s stock valued at $513,000 after acquiring an additional 215 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Cheesecake Factory by 17.8% during the fourth quarter. Northern Trust Corp now owns 538,285 shares of the restaurant operator’s stock worth $25,536,000 after purchasing an additional 81,450 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Cheesecake Factory during the fourth quarter worth $711,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Trading Down 1.7%

Shares of Cheesecake Factory stock opened at $53.64 on Wednesday. The firm has a 50-day moving average of $49.39 and a 200-day moving average of $49.94. The stock has a market cap of $2.66 billion, a PE ratio of 16.76, a PEG ratio of 1.31 and a beta of 1.11. The Cheesecake Factory Incorporated has a 52-week low of $33.50 and a 52-week high of $57.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $927.20 million during the quarter, compared to analysts’ expectations of $927.17 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Cheesecake Factory’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, May 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. Cheesecake Factory’s payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CAKE. William Blair reissued an “outperform” rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Piper Sandler lifted their price target on shares of Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Robert W. Baird lifted their price target on Cheesecake Factory from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, Barclays lowered their price target on Cheesecake Factory from $50.00 to $46.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

Insider Buying and Selling

In related news, CFO Matthew Eliot Clark sold 29,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the completion of the sale, the chief financial officer now owns 39,856 shares of the company’s stock, valued at $2,134,687.36. This represents a 42.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman David Overton sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now directly owns 3,092,147 shares of the company’s stock, valued at $164,131,162.76. This represents a 3.13% decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

Cheesecake Factory Company 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.