Bessemer Group Inc. Has $27,000 Stock Position in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Bessemer Group Inc. cut its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 66.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 579 shares of the restaurant operator’s stock after selling 1,151 shares during the period. Bessemer Group Inc.’s holdings in Cheesecake Factory were worth $27,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised its position in Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 320 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Cheesecake Factory in the fourth quarter valued at $43,000. Venturi Wealth Management LLC lifted its stake in Cheesecake Factory by 1,149.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 1,207 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 741 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $47.87 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 Cheesecake Factory Incorporated has a fifty-two week low of $33.44 and a fifty-two week high of $57.32. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.31 and a beta of 1.24. The stock has a fifty day moving average price of $49.52 and a 200-day moving average price of $48.44.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The firm had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. As a group, equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.26%. The ex-dividend date was Wednesday, March 5th. Cheesecake Factory’s payout ratio is presently 33.75%.

Insider Buying and Selling at Cheesecake Factory

In other news, CFO Matthew Eliot Clark sold 29,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $53.56, for a total value of $1,553,240.00. Following the sale, the chief financial officer now directly owns 39,856 shares in the company, valued at approximately $2,134,687.36. This trade 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 shares were sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now directly owns 3,092,147 shares in the company, valued at $164,131,162.76. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Robert W. Baird reduced their target price on Cheesecake Factory from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. William Blair restated an “outperform” rating on shares of Cheesecake Factory in a research note on Thursday, February 20th. Citigroup reduced their price objective on shares of Cheesecake Factory from $67.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.75.

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.