Yousif Capital Management LLC Trims Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Yousif Capital Management LLC lessened its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,877 shares of the restaurant operator’s stock after selling 335 shares during the period. Yousif Capital Management LLC’s holdings in Cheesecake Factory were worth $626,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council acquired a new position in Cheesecake Factory in the fourth quarter worth $844,000. Louisiana State Employees Retirement System acquired a new stake in shares of Cheesecake Factory during the fourth quarter worth $819,000. Sapient Capital LLC acquired a new position in shares of Cheesecake Factory in the fourth quarter worth about $6,838,000. Mirae Asset Global Investments Co. Ltd. grew its position in Cheesecake Factory by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,140 shares of the restaurant operator’s stock worth $775,000 after purchasing an additional 498 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Cheesecake Factory by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 74,707 shares of the restaurant operator’s stock valued at $2,615,000 after buying an additional 672 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Trading Up 0.6 %

Shares of CAKE opened at $33.67 on Monday. The stock has a fifty day moving average price of $35.21 and a two-hundred day moving average price of $33.90. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.37 and a current ratio of 0.46. The Cheesecake Factory Incorporated has a 52-week low of $28.58 and a 52-week high of $38.19. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.12 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $876.17 million. During the same quarter in the previous year, the company posted $0.56 EPS. Cheesecake Factory’s revenue was down 1.8% on a year-over-year basis. Analysts predict that The Cheesecake Factory Incorporated will post 3.06 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were issued a $0.27 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.08 annualized dividend and a yield of 3.21%. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

Analyst Ratings Changes

A number of research analysts recently commented on CAKE shares. Stephens reaffirmed an “overweight” rating and set a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. JPMorgan Chase & Co. lowered Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Tuesday, January 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Cheesecake Factory in a report on Wednesday, April 10th. Finally, Barclays increased their price objective on shares of Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $34.60.

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.