Sapient Capital LLC Makes New $6.83 Million Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Sapient Capital LLC bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 195,000 shares of the restaurant operator’s stock, valued at approximately $6,827,000. Sapient Capital LLC owned about 0.38% of Cheesecake Factory as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CAKE. Studio Investment Management LLC purchased a new stake in shares of Cheesecake Factory in the third quarter valued at about $25,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Cheesecake Factory in the 3rd quarter valued at about $70,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Cheesecake Factory in the fourth quarter valued at about $204,000. Hsbc Holdings PLC acquired a new stake in shares of Cheesecake Factory in the third quarter valued at about $211,000. Finally, Versor Investments LP purchased a new stake in Cheesecake Factory during the third quarter worth about $261,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays lifted their price target on shares of Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lowered Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Tuesday, January 23rd. Stephens reiterated an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. Oppenheimer restated a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Cheesecake Factory in a report on Wednesday, April 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.60.

Cheesecake Factory Trading Up 0.6 %

CAKE traded up $0.20 during midday trading on Friday, hitting $33.67. The company’s stock had a trading volume of 942,395 shares, compared to its average volume of 769,642. The Cheesecake Factory Incorporated has a 52-week low of $28.58 and a 52-week high of $38.19. The firm has a 50-day moving average price of $35.21 and a two-hundred day moving average price of $33.90. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. The firm has a market cap of $1.72 billion, a P/E ratio of 16.34, a PEG ratio of 1.12 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $877.00 million during the quarter, compared to the consensus estimate of $876.17 million. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. Cheesecake Factory’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, research analysts anticipate that The Cheesecake Factory Incorporated will post 3.06 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s payout ratio is currently 52.43%.

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.