Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,541 shares of the restaurant operator’s stock after selling 7,541 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cheesecake Factory were worth $207,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in shares of Cheesecake Factory in the third quarter valued at approximately $29,000. Quadrant Capital Group LLC boosted its stake in shares of Cheesecake Factory by 463.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,329 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 1,093 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Cheesecake Factory by 356.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 3,097 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Cheesecake Factory by 170.4% in the 2nd quarter. Captrust Financial Advisors now owns 5,754 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 3,626 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Cheesecake Factory during the 3rd quarter valued at $202,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
Cheesecake Factory Stock Up 4.8 %
NASDAQ:CAKE opened at $33.00 on Monday. The Cheesecake Factory Incorporated has a 1-year low of $26.05 and a 1-year high of $41.28. The company has a 50-day moving average of $33.17 and a 200 day moving average of $35.04. The firm has a market cap of $1.69 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.38 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.50 and a quick ratio of 0.41.
Cheesecake Factory Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Wednesday, May 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.27%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 114.89%.
Analyst Ratings Changes
A number of analysts have weighed in on CAKE shares. Robert W. Baird raised their price objective on shares of Cheesecake Factory from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Cheesecake Factory from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, March 3rd. Citigroup lifted their price objective on shares of Cheesecake Factory from $35.00 to $36.00 in a research report on Thursday, May 11th. Wedbush lifted their price objective on shares of Cheesecake Factory from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Finally, Northcoast Research started coverage on shares of Cheesecake Factory in a research report on Tuesday, May 2nd. They set a “buy” rating and a $46.00 price objective on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.38.
Cheesecake Factory Profile
Cheesecake Factory, Inc engages in the operation of restaurant chains. It operates through The Cheesecake Factory, North Italia, Other FRC and Other segments. The Cheesecake Factory segment offers appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches and omelettes, and a selection of gluten-free items.
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