Versor Investments LP Decreases Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Versor Investments LP lessened its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 63.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,452 shares of the restaurant operator’s stock after selling 11,200 shares during the quarter. Versor Investments LP’s holdings in Cheesecake Factory were worth $262,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Cheesecake Factory by 2,360.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after buying an additional 661 shares during the last quarter. GAMMA Investing LLC boosted its position in Cheesecake Factory by 276.4% in the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,064 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Cheesecake Factory during the 2nd quarter valued at about $67,000. SG Americas Securities LLC purchased a new stake in shares of Cheesecake Factory during the 1st quarter valued at about $121,000. Finally, Wealth Alliance bought a new position in shares of Cheesecake Factory in the 2nd quarter worth approximately $213,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CAKE shares. Bank of America upped their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Barclays raised their target price on Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. UBS Group upped their price target on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research report on Friday, October 25th. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Citigroup boosted their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.75.

Insider Buying and Selling at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the sale, the insider now directly owns 14,977 shares in the company, valued at approximately $747,052.76. This represents a 46.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is owned by company insiders.

Cheesecake Factory Stock Down 0.1 %

Shares of CAKE stock opened at $48.06 on Friday. The company’s fifty day simple moving average is $41.91 and its two-hundred day simple moving average is $39.43. The Cheesecake Factory Incorporated has a 52 week low of $30.96 and a 52 week high of $50.75. The stock has a market cap of $2.45 billion, a P/E ratio of 18.27, a PEG ratio of 1.32 and a beta of 1.47. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. Analysts predict that The Cheesecake Factory Incorporated will post 3.3 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, November 13th. Cheesecake Factory’s payout ratio is 41.06%.

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.