Leeward Investments LLC MA Sells 1,634 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Leeward Investments LLC MA reduced its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,682 shares of the restaurant operator’s stock after selling 1,634 shares during the period. Leeward Investments LLC MA owned about 0.45% of Cheesecake Factory worth $7,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Atria Wealth Solutions Inc. bought a new position in shares of Cheesecake Factory during the 4th quarter valued at approximately $204,000. South Dakota Investment Council bought a new position in Cheesecake Factory in the 4th quarter worth approximately $844,000. Louisiana State Employees Retirement System bought a new position in Cheesecake Factory in the 4th quarter worth approximately $819,000. Sapient Capital LLC bought a new position in Cheesecake Factory in the 4th quarter worth approximately $6,838,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cheesecake Factory by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,140 shares of the restaurant operator’s stock valued at $775,000 after purchasing an additional 498 shares during the period. 94.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CAKE has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Tuesday, January 23rd. Oppenheimer reiterated a “market perform” rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Barclays lifted their target price on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wedbush restated an “outperform” rating and issued a $40.00 price objective on shares of Cheesecake Factory in a research report on Wednesday, April 10th. Finally, Stephens restated an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.64.

Cheesecake Factory Stock Up 1.4 %

Cheesecake Factory stock traded up $0.47 during midday trading on Friday, hitting $35.36. 721,128 shares of the company’s stock were exchanged, compared to its average volume of 823,972. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.37 and a current ratio of 0.46. The Cheesecake Factory Incorporated has a 12 month low of $28.58 and a 12 month high of $38.19. The firm has a 50-day moving average of $35.31 and a two-hundred day moving average of $33.74. The company has a market cap of $1.80 billion, a PE ratio of 17.16, a P/E/G ratio of 1.17 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The company had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $876.17 million. During the same period in the prior year, the business earned $0.56 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that The Cheesecake Factory Incorporated will post 3.06 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

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.