Natixis Advisors L.P. Acquires 41,907 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Natixis Advisors L.P. increased its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 8.6% in the 4th quarter, HoldingsChannel reports. The fund owned 529,375 shares of the restaurant operator’s stock after acquiring an additional 41,907 shares during the period. Natixis Advisors L.P.’s holdings in Cheesecake Factory were worth $18,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAKE. Sapient Capital LLC bought a new position in shares of Cheesecake Factory during the 4th quarter valued at approximately $6,838,000. Envestnet Asset Management Inc. increased its position in Cheesecake Factory by 46.9% during the third quarter. Envestnet Asset Management Inc. now owns 411,017 shares of the restaurant operator’s stock valued at $12,454,000 after acquiring an additional 131,295 shares during the last quarter. IPG Investment Advisors LLC purchased a new stake in shares of Cheesecake Factory in the third quarter valued at $2,246,000. Advisors Preferred LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth about $2,335,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Cheesecake Factory by 23.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 317,683 shares of the restaurant operator’s stock worth $9,626,000 after purchasing an additional 60,890 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 0.6 %

Shares of Cheesecake Factory stock opened at $33.67 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.12 and a beta of 1.48. The firm’s 50-day moving average is $35.21 and its two-hundred day moving average is $33.92. The Cheesecake Factory Incorporated has a 1 year low of $28.58 and a 1 year high of $38.19.

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

Cheesecake Factory Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $40.00 price objective on shares of Cheesecake Factory in a research report on Wednesday, April 10th. Piper Sandler increased their price target on Cheesecake Factory from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Barclays boosted their price objective on Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Stephens reiterated an “overweight” rating and issued a $44.00 target price on shares of Cheesecake Factory in a research note on Friday, April 12th. Finally, Oppenheimer reissued a “market perform” rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.60.

About Cheesecake Factory

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.