Marshall Wace LLP Has $525,000 Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Marshall Wace LLP lessened its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 99.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,064 shares of the restaurant operator’s stock after selling 1,530,795 shares during the period. Marshall Wace LLP’s holdings in Cheesecake Factory were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CAKE. Golden State Wealth Management LLC acquired a new position in shares of Cheesecake Factory during the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its stake in Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Cheesecake Factory in the 4th quarter valued at $43,000. Venturi Wealth Management LLC grew its position in Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Cheesecake Factory by 46.9% during the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 741 shares during the period. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Trading Up 4.5 %

Shares of CAKE opened at $50.31 on Friday. 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 company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.31 and a beta of 1.24. The stock has a fifty day moving average price of $48.74 and a two-hundred day moving average price of $49.12. The Cheesecake Factory Incorporated has a 52-week low of $33.48 and a 52-week high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly 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 business had revenue of $927.20 million during the quarter, compared to analysts’ expectations of $927.17 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. Analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, May 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 33.75%.

Insiders Place Their Bets

In other Cheesecake Factory 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 transaction, the chief financial officer now directly owns 39,856 shares in the company, valued at approximately $2,134,687.36. This represents a 42.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Overton sold 100,000 shares of Cheesecake Factory stock in a transaction that occurred on 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 owns 3,092,147 shares of the company’s stock, valued at approximately $164,131,162.76. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CAKE shares. The Goldman Sachs Group lifted their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on Cheesecake Factory from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Piper Sandler raised their target price on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Finally, Robert W. Baird raised their price objective on shares of Cheesecake Factory from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday. Four 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.63.

Cheesecake Factory 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.