Leeward Investments LLC MA Has $7.97 Million Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Leeward Investments LLC MA reduced its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,682 shares of the restaurant operator’s stock after selling 1,634 shares during the period. Leeward Investments LLC MA’s holdings in Cheesecake Factory were worth $7,971,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CAKE. Studio Investment Management LLC acquired a new position in Cheesecake Factory in the 3rd quarter worth about $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $70,000. Atria Wealth Solutions Inc. acquired a new position in shares of Cheesecake Factory during the 4th quarter valued at about $204,000. Hsbc Holdings PLC acquired a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $211,000. Finally, Versor Investments LP acquired a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $261,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Cheesecake Factory Stock Performance

Shares of CAKE stock traded up $0.47 during mid-day trading on Friday, reaching $35.36. The stock had a trading volume of 721,128 shares, compared to its average volume of 823,972. The firm’s 50 day simple moving average is $35.31 and its 200 day simple moving average is $33.74. 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 one year low of $28.58 and a one year high of $38.19. The firm has a market cap of $1.80 billion, a PE ratio of 17.16, a P/E/G ratio of 1.17 and a beta of 1.48.

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

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, March 6th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.05%. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

Wall Street Analyst Weigh In

CAKE has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and set a $40.00 price objective on shares of Cheesecake Factory in a report on Wednesday, April 10th. JPMorgan Chase & Co. lowered Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Tuesday, January 23rd. Oppenheimer reissued a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Stephens reissued an “overweight” rating and set a $44.00 price objective on shares of Cheesecake Factory in a report on Friday, April 12th. Finally, Barclays raised their target price on Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.64.

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.