Inceptionr LLC Invests $513,000 in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Inceptionr LLC bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,819 shares of the restaurant operator’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Cheesecake Factory during the fourth quarter worth about $2,356,000. Victory Capital Management Inc. grew its stake in Cheesecake Factory by 166.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,076,347 shares of the restaurant operator’s stock valued at $51,062,000 after acquiring an additional 673,076 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cheesecake Factory by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,670 shares of the restaurant operator’s stock valued at $29,350,000 after acquiring an additional 20,769 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Cheesecake Factory during the 4th quarter valued at about $43,000. Finally, Jones Financial Companies Lllp grew its stake in Cheesecake Factory by 150.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,553 shares of the restaurant operator’s stock valued at $169,000 after acquiring an additional 2,132 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Insiders Place Their Bets

In other Cheesecake Factory news, Chairman David Overton sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now directly owns 3,092,147 shares in the company, valued at $164,131,162.76. This represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Eliot Clark sold 29,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $1,553,240.00. Following the sale, the chief financial officer now owns 39,856 shares in the company, valued at approximately $2,134,687.36. This trade represents a 42.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Cheesecake Factory Stock Performance

Shares of CAKE stock opened at $49.16 on Friday. The firm’s 50 day moving average price is $51.80 and its 200-day moving average price is $46.60. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $57.32. The firm has a market cap of $2.54 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.31 and a beta of 1.55.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. As a group, equities research analysts predict that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 33.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Cheesecake Factory from $46.00 to $50.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. StockNews.com cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. UBS Group upped their price objective on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday, February 20th. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Cheesecake Factory in a research note on Thursday, February 20th. Finally, Wells Fargo & Company increased their price target on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.19.

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.