The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,185 shares of the restaurant operator’s stock after selling 1,027 shares during the period. Inspire Investing LLC’s holdings in Cheesecake Factory were worth $400,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Cheesecake Factory by 2,360.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 661 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Cheesecake Factory during the 4th quarter valued at about $26,000. GAMMA Investing LLC lifted its holdings in shares of Cheesecake Factory by 276.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 1,064 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Cheesecake Factory by 48.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 511 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Cheesecake Factory in the second quarter valued at approximately $67,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

Shares of CAKE stock opened at $38.73 on Friday. The Cheesecake Factory Incorporated has a 12 month low of $28.58 and a 12 month high of $41.33. The company’s fifty day moving average price is $37.88 and its two-hundred day moving average price is $37.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. The firm has a market capitalization of $1.97 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.04 and a beta of 1.50.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business had revenue of $904.04 million for the quarter, compared to analyst estimates of $909.19 million. During the same quarter in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that The Cheesecake Factory Incorporated will post 3.21 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 annualized dividend and a yield of 2.79%. Cheesecake Factory’s payout ratio is 49.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CAKE shares. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Cheesecake Factory in a research note on Thursday, August 1st. Wells Fargo & Company lifted their target price on Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Stephens restated an “overweight” rating and set a $50.00 price target on shares of Cheesecake Factory in a research note on Thursday, August 1st. Robert W. Baird lifted their price objective on Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Barclays increased their target price on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.08.

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.