Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) acquired by Rockefeller Capital Management LP

Rockefeller Capital Management LP removed its position in shares of The Cheesecake Factory Incorporated (NASDAQ: CAKEGet a rating) by 52,812.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The company held 656,642 shares of the restaurateur after acquiring an additional 655,401 shares during the quarter. Rockefeller Capital Management LP owned 1.26% of Cheesecake Factory worth $19,226,000 at the end of the last quarter.

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A number of other institutional investors and hedge funds also changed their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in Cheesecake Factory by 71.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,091 shares of the restaurateur worth $1,993,000 after buying 20,892 additional shares last quarter. American Century Companies Inc. increased its stake in Cheesecake Factory by 51.5% during the first quarter. American Century Companies Inc. now owns 16,290 shares of the restaurateur worth $648,000 after buying 5,537 additional shares last quarter. HighTower Advisors LLC increased its stake in Cheesecake Factory by 7.7% during the first quarter. HighTower Advisors LLC now owns 30,953 shares of the restaurateur worth $1,231,000 after buying 2,207 additional shares last quarter. Private Advisor Group LLC increased its stake in Cheesecake Factory by 5.6% during the first quarter. Private Advisor Group LLC now owns 10,726 shares of the restaurateur worth $426,000 after buying an additional 565 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Cheesecake Factory by 34.8% during the first quarter. Bank of Montreal Can now owns 20,306 shares of the restaurateur worth $803,000 after buying an additional 5,247 shares last quarter. 88.67% of the shares are currently held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several analysts have published reports on CAKE shares. Stephens began covering Cheesecake Factory shares in a report on Thursday, September 22. They issued an “overweight” rating and a price target of $38.00 on the stock. Citigroup downgraded shares of Cheesecake Factory from a “buy” rating to a “neutral” rating in a report on Tuesday. Barclays cut its price target on Cheesecake Factory shares from $31.00 to $28.00 and set an “underweight” rating on the stock in a Thursday, January 5 report. StockNews.com began covering Cheesecake Factory shares in a report on Wednesday, October 12. They issued a “hold” rating on the stock. Finally, Gordon Haskett downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report released Tuesday. Three investment analysts gave the stock a sell rating, seven gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.90.

Insider trading at Cheesecake Factory

In other Cheesecake Factory news, Director Edie A. Ames acquired 4,000 shares of the company in a transaction dated Thursday, December 8. The stock was purchased at an average price of $32.25 per share, with a total value of $129,000.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company, valued at $403,125. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Insiders of the company hold 8.20% of the shares of the company.

Cheesecake factory stock performance

Shares of CAKE background opened at $37.85 on Thursday. The Cheesecake Factory Incorporated has a one-year low of $26.05 and a one-year high of $44.65. The company has a debt ratio of 1.45, a quick ratio of 0.42 and a current ratio of 0.52. The company has a 50-day moving average price of $34.61 and a 200-day moving average price of $32.30. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 40.27, a growth price-to-earnings ratio of 2.61 and a beta of 1.36.

Cheesecake Factory (NASDAQ: CAKEGet a rating) last released its quarterly results on Tuesday, November 1. The restaurateur reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.28 per ($0.31). Cheesecake Factory had a return on equity of 21.50% and a net margin of 1.52%. The company posted revenue of $784.00 million for the quarter, versus analyst estimates of $799.33 million. Sell-side analysts expect The Cheesecake Factory Incorporated to post EPS of 1.54 for the current year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28. Shareholders of record on Tuesday, November 15 received a dividend of $0.27. This represents an annualized dividend of $1.08 and a dividend yield of 2.85%. The ex-dividend date was Monday, November 14. Cheesecake Factory’s payout rate is currently 114.89%.

Company Profile Cheesecake Factory

(Get a rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that manufacture cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers and distributors. As of October 27, 2022, the Company owned and operated 312 restaurants in the United States and Canada under brands, including The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements. Licence. internationally.

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Institutional ownership by quarter for Cheesecake Factory (NASDAQ:CAKE)

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