Inspire Advisors LLC Purchases 2,152 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Inspire Advisors LLC lifted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,373 shares of the restaurant operator’s stock after acquiring an additional 2,152 shares during the quarter. Inspire Advisors LLC’s holdings in Cheesecake Factory were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 257 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cheesecake Factory by 108.1% in the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Pathstone Holdings LLC grew its holdings in Cheesecake Factory by 0.9% in the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock worth $1,522,000 after purchasing an additional 329 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Cheesecake Factory during the fourth quarter worth $25,000. Finally, Atria Investments Inc lifted its holdings in shares of Cheesecake Factory by 8.2% during the 3rd quarter. Atria Investments Inc now owns 9,074 shares of the restaurant operator’s stock valued at $368,000 after purchasing an additional 689 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CAKE has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Cheesecake Factory from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. William Blair reiterated an “outperform” rating on shares of Cheesecake Factory in a report on Thursday, February 20th. Piper Sandler increased their price objective on Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Cheesecake Factory in a report on Thursday, February 20th. Finally, Jefferies Financial Group increased their price objective on Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.19.

Cheesecake Factory Price Performance

NASDAQ:CAKE opened at $47.68 on Thursday. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $57.32. 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 has a market cap of $2.46 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.31 and a beta of 1.55. The firm’s fifty day moving average is $51.83 and its two-hundred day moving average is $46.78.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, beating 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 company had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. Research analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.27%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 33.75%.

Insiders Place Their Bets

In other Cheesecake Factory news, Chairman David Overton sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $53.08, for a total value of $5,308,000.00. Following the completion of the transaction, the chairman now owns 3,092,147 shares in the company, valued at approximately $164,131,162.76. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Eliot Clark sold 29,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 39,856 shares of the company’s stock, valued at approximately $2,134,687.36. This trade represents a 42.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

About Cheesecake Factory

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.