Leeward Investments LLC MA Sells 15,898 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Leeward Investments LLC MA lowered its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,867 shares of the restaurant operator’s stock after selling 15,898 shares during the quarter. Leeward Investments LLC MA owned about 0.42% of Cheesecake Factory worth $10,146,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Hussman Strategic Advisors Inc. purchased a new stake in Cheesecake Factory in the 4th quarter worth $797,000. New York State Common Retirement Fund lifted its stake in Cheesecake Factory by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 200,222 shares of the restaurant operator’s stock worth $9,499,000 after purchasing an additional 4,516 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares in the last quarter. Truist Financial Corp lifted its stake in Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 257 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Cheesecake Factory by 5.2% in the 4th quarter. Principal Financial Group Inc. now owns 268,830 shares of the restaurant operator’s stock worth $12,753,000 after purchasing an additional 13,235 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

NASDAQ CAKE opened at $54.65 on Friday. 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 firm’s 50 day moving average price is $51.16 and its 200-day moving average price is $45.53. The Cheesecake Factory Incorporated has a 52-week low of $33.05 and a 52-week high of $57.32. The company has a market cap of $2.79 billion, a PE ratio of 17.08, a P/E/G ratio of 1.31 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $912.67 million. Sell-side analysts forecast that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.98%. Cheesecake Factory’s payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

CAKE has been the topic of several research analyst reports. StockNews.com cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. William Blair restated an “outperform” rating on shares of Cheesecake Factory in a research report on Thursday. Barclays upped their target price on shares of Cheesecake Factory from $46.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Tuesday, January 7th. Finally, Piper Sandler upped their target price on shares of Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.