Swiss National Bank Has $4.51 Million Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Swiss National Bank raised its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,100 shares of the restaurant operator’s stock after buying an additional 600 shares during the quarter. Swiss National Bank’s holdings in Cheesecake Factory were worth $4,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAKE. Truist Financial Corp boosted its stake in Cheesecake Factory by 3.3% during the fourth quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock worth $382,000 after acquiring an additional 257 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Cheesecake Factory by 0.9% in the 3rd quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock valued at $1,522,000 after buying an additional 329 shares during the period. Golden State Wealth Management LLC bought a new stake in Cheesecake Factory in the 4th quarter valued at about $25,000. Finally, HighTower Advisors LLC raised its stake in Cheesecake Factory by 1.7% during the 4th quarter. HighTower Advisors LLC now owns 40,665 shares of the restaurant operator’s stock worth $1,929,000 after buying an additional 676 shares during the period. 94.48% of the stock is currently owned by institutional investors.

Insider Transactions at Cheesecake Factory

In other news, CFO Matthew Eliot Clark sold 29,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Chairman David Overton sold 100,000 shares of Cheesecake Factory stock in a transaction on 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 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. 8.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays raised their price objective on Cheesecake Factory from $46.00 to $50.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. William Blair restated an “outperform” rating on shares of Cheesecake Factory 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 note on Tuesday, January 7th. Wedbush boosted their target price on shares of Cheesecake Factory from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, UBS Group raised their price target on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.81.

Cheesecake Factory Stock Up 5.1 %

CAKE stock opened at $51.20 on Tuesday. The stock has a market cap of $2.64 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.31 and a beta of 1.55. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $51.55 and its two-hundred day simple moving average is $47.30. The Cheesecake Factory Incorporated has a 1-year low of $33.05 and a 1-year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. Analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.11%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 33.75%.

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.