Avior Wealth Management LLC Sells 1,908 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Avior Wealth Management LLC lowered its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,187 shares of the restaurant operator’s stock after selling 1,908 shares during the period. Avior Wealth Management LLC’s holdings in Cheesecake Factory were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Cheesecake Factory by 108.1% in the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Cheesecake Factory in the third quarter worth approximately $223,000. Foundations Investment Advisors LLC bought a new position in shares of Cheesecake Factory in the third quarter worth approximately $227,000. Janney Montgomery Scott LLC bought a new position in shares of Cheesecake Factory in the fourth quarter worth approximately $270,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Cheesecake Factory in the third quarter worth approximately $317,000. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE opened at $51.47 on Friday. The firm has a fifty day moving average price of $49.11 and a 200-day moving average price of $43.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The stock has a market cap of $2.63 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $52.90.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $865.50 million during the quarter, compared to analysts’ expectations of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts anticipate that The Cheesecake Factory Incorporated will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total value of $653,178.60. Following the completion of the sale, the insider now directly owns 14,977 shares of the company’s stock, valued at $747,052.76. This represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wedbush upped their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Robert W. Baird boosted their price objective on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Cheesecake Factory in a report on Thursday, December 5th. They set a “buy” rating and a $56.00 price objective for the company. Barclays boosted their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Finally, Raymond James boosted their price objective on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.40.

Cheesecake Factory 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.