The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,548 shares of the restaurant operator’s stock after selling 455 shares during the period. Yousif Capital Management LLC’s holdings in Cheesecake Factory were worth $611,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Cheesecake Factory during the 4th quarter valued at about $43,000. Venturi Wealth Management LLC boosted its position in shares of Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after buying an additional 1,207 shares during the period. Smartleaf Asset Management LLC grew its holdings in Cheesecake Factory by 208.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,628 shares of the restaurant operator’s stock worth $125,000 after buying an additional 1,777 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Cheesecake Factory by 150.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,553 shares of the restaurant operator’s stock worth $169,000 after buying an additional 2,132 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in Cheesecake Factory in the 4th quarter valued at approximately $203,000. Institutional investors own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAKE. Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of Cheesecake Factory in a research report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Cheesecake Factory from $39.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 1st. Argus set a $60.00 target price on shares of Cheesecake Factory in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Finally, Barclays dropped their price target on shares of Cheesecake Factory from $50.00 to $46.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.00.

Cheesecake Factory Trading Up 1.8%

Shares of NASDAQ:CAKE opened at $59.99 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.53. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.50 and a beta of 1.14. The Cheesecake Factory Incorporated has a 1-year low of $33.50 and a 1-year high of $60.22. The company has a 50 day moving average price of $53.35 and a 200 day moving average price of $51.28.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. The business had revenue of $927.20 million during the quarter, compared to analyst estimates of $927.17 million. Cheesecake Factory had a return on equity of 46.06% and a net margin of 4.33%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, research analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Wednesday, May 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio is 33.86%.

Insiders Place Their Bets

In other news, CFO Matthew Eliot Clark sold 42,900 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $56.00, for a total value of $2,402,400.00. Following the sale, the chief financial officer now directly owns 40,878 shares of the company’s stock, valued at approximately $2,289,168. This trade represents a 51.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scarlett May sold 18,800 shares of Cheesecake Factory stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $58.82, for a total value of $1,105,816.00. Following the completion of the transaction, the executive vice president now owns 22,872 shares in the company, valued at $1,345,331.04. The trade was a 45.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,000 shares of company stock worth $7,456,992. 8.40% of the stock is currently owned by company insiders.

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.