Yousif Capital Management LLC Sells 335 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Yousif Capital Management LLC decreased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,877 shares of the restaurant operator’s stock after selling 335 shares during the period. Yousif Capital Management LLC’s holdings in Cheesecake Factory were worth $626,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in CAKE. South Dakota Investment Council bought a new position in Cheesecake Factory in the fourth quarter valued at about $844,000. Envestnet Asset Management Inc. raised its position in shares of Cheesecake Factory by 46.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 411,017 shares of the restaurant operator’s stock valued at $12,454,000 after buying an additional 131,295 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Cheesecake Factory in the 4th quarter valued at about $2,335,000. IPG Investment Advisors LLC purchased a new position in Cheesecake Factory in the third quarter worth about $2,246,000. Finally, Vanguard Group Inc. raised its holdings in Cheesecake Factory by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,568,464 shares of the restaurant operator’s stock valued at $168,724,000 after buying an additional 22,099 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CAKE. Oppenheimer reiterated a “market perform” rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. JPMorgan Chase & Co. lowered shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Tuesday, January 23rd. Stephens reissued an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. Piper Sandler boosted their target price on shares of Cheesecake Factory from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $40.00 price target on shares of Cheesecake Factory in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheesecake Factory currently has a consensus rating of “Hold” and a consensus price target of $34.60.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock opened at $33.67 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.48. The Cheesecake Factory Incorporated has a 52 week low of $28.58 and a 52 week high of $38.19. The firm’s 50 day moving average is $35.21 and its two-hundred day moving average is $33.90. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.12 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The company had revenue of $877.00 million for the quarter, compared to the consensus estimate of $876.17 million. During the same period last year, the firm posted $0.56 EPS. Cheesecake Factory’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts forecast that The Cheesecake Factory Incorporated will post 3.06 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors 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 yield of 3.21%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

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.