Versor Investments LP Has $694,000 Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Versor Investments LP increased its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 16.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,652 shares of the restaurant operator’s stock after acquiring an additional 2,516 shares during the period. Versor Investments LP’s holdings in Cheesecake Factory were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. 1492 Capital Management LLC lifted its holdings in Cheesecake Factory by 0.9% during the 4th quarter. 1492 Capital Management LLC now owns 32,015 shares of the restaurant operator’s stock valued at $1,121,000 after purchasing an additional 293 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cheesecake Factory by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator’s stock valued at $927,000 after purchasing an additional 500 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Cheesecake Factory by 48.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 511 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Cheesecake Factory by 5.9% during the 1st quarter. ProShare Advisors LLC now owns 9,608 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 537 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in Cheesecake Factory by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 40,881 shares of the restaurant operator’s stock valued at $1,478,000 after purchasing an additional 547 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAKE has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Barclays boosted their target price on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Bank of America boosted their target price on shares of Cheesecake Factory from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their target price on shares of Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $50.00 target price on shares of Cheesecake Factory in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.08.

Cheesecake Factory Stock Down 1.0 %

Shares of NASDAQ CAKE opened at $38.93 on Wednesday. The stock has a market cap of $1.98 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.13 and a beta of 1.51. The firm has a 50 day moving average price of $38.00 and a 200 day moving average price of $37.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The Cheesecake Factory Incorporated has a 52-week low of $28.58 and a 52-week high of $41.33.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $904.04 million during the quarter, compared to analysts’ expectations of $909.19 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Analysts expect that The Cheesecake Factory Incorporated will post 3.21 EPS for the current year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, August 14th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 49.54%.

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.