Rockefeller Capital Management L.P. Has $4.61 Million Stock Position in The Cheesecake Factory Incorporated $CAKE

Rockefeller Capital Management L.P. lifted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,357 shares of the restaurant operator’s stock after purchasing an additional 23,448 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cheesecake Factory were worth $4,612,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC increased its holdings in Cheesecake Factory by 226.5% in the fourth quarter. Salomon & Ludwin LLC now owns 604 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 419 shares during the period. Global Retirement Partners LLC raised its position in Cheesecake Factory by 661.7% during the 4th quarter. Global Retirement Partners LLC now owns 716 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 622 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Cheesecake Factory by 973.2% during the 4th quarter. Root Financial Partners LLC now owns 880 shares of the restaurant operator’s stock worth $44,000 after buying an additional 798 shares during the period. Arax Advisory Partners acquired a new position in Cheesecake Factory during the 4th quarter worth about $50,000. Finally, Quarry LP grew its position in shares of Cheesecake Factory by 3,343.8% in the 3rd quarter. Quarry LP now owns 1,102 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 1,070 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexander L. Cappello sold 2,490 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $64.90, for a total transaction of $161,601.00. Following the transaction, the director owned 6,171 shares in the company, valued at approximately $400,497.90. This represents a 28.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David Overton sold 104,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the transaction, the chairman directly owned 3,079,779 shares in the company, valued at $187,928,114.58. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.00% of the company’s stock.

Cheesecake Factory Price Performance

Shares of CAKE opened at $80.38 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.04. The Cheesecake Factory Incorporated has a 52-week low of $43.07 and a 52-week high of $80.89. The business’s 50 day moving average price is $65.92 and its two-hundred day moving average price is $60.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $978.83 million during the quarter, compared to the consensus estimate of $964.57 million. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, equities analysts anticipate that The Cheesecake Factory Incorporated will post 4.01 EPS for the current year.

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 1.5%. Cheesecake Factory’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

CAKE has been the subject of several recent research reports. Citigroup cut Cheesecake Factory from a “buy” rating to a “neutral” rating in a research note on Monday, June 15th. Northcoast Research lowered Cheesecake Factory from a “buy” rating to a “neutral” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $68.00 target price on shares of Cheesecake Factory in a report on Thursday, April 30th. Argus set a $72.00 target price on shares of Cheesecake Factory in a research report on Friday, May 1st. Finally, Stephens raised their price target on shares of Cheesecake Factory from $61.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.94.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.