Natixis Advisors L.P. Sells 5,218 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Natixis Advisors L.P. lessened its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 448,228 shares of the restaurant operator’s stock after selling 5,218 shares during the quarter. Natixis Advisors L.P. owned approximately 0.86% of Cheesecake Factory worth $17,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Bamco Inc. NY boosted its stake in shares of Cheesecake Factory by 31.7% during the 3rd quarter. Bamco Inc. NY now owns 1,579,860 shares of the restaurant operator’s stock worth $74,253,000 after acquiring an additional 379,860 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Cheesecake Factory by 204.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,371,581 shares of the restaurant operator’s stock worth $53,697,000 after acquiring an additional 921,127 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cheesecake Factory by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 998,603 shares of the restaurant operator’s stock worth $46,935,000 after acquiring an additional 38,681 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Cheesecake Factory by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 798,567 shares of the restaurant operator’s stock valued at $37,532,000 after buying an additional 35,931 shares in the last quarter. Finally, Castle Hook Partners LP purchased a new position in shares of Cheesecake Factory during the 3rd quarter valued at $30,051,000. Institutional investors and hedge funds own 85.28% of the company’s stock.

A number of research analysts recently weighed in on the stock. Raymond James lowered their target price on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 26th. Stephens lifted their target price on shares of Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 17th. Wedbush lifted their target price on shares of Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, February 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Cheesecake Factory from $47.00 to $43.00 in a research note on Thursday. Finally, Piper Sandler cut shares of Cheesecake Factory from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $65.00 to $44.00 in a research note on Monday, January 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.92.

Shares of Cheesecake Factory stock traded down $0.70 during trading hours on Friday, reaching $36.91. The company’s stock had a trading volume of 1,060,655 shares, compared to its average volume of 1,002,675. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market cap of $1.95 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.48 and a beta of 1.47. The Cheesecake Factory Incorporated has a one year low of $31.43 and a one year high of $64.84. The firm has a 50 day moving average price of $37.83 and a 200-day moving average price of $39.39.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Cheesecake Factory had a net margin of 2.96% and a return on equity of 40.32%. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, sell-side analysts forecast that The Cheesecake Factory Incorporated will post 2.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Stockholders of record on Wednesday, May 11th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 10th.

Cheesecake Factory Profile (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

See Also

Institutional Ownership by Quarter for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.