Mutual of America Capital Management LLC Buys 363 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Mutual of America Capital Management LLC grew its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,991 shares of the restaurant operator’s stock after purchasing an additional 363 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cheesecake Factory were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. New York State Teachers Retirement System grew its stake in shares of Cheesecake Factory by 0.4% in the first quarter. New York State Teachers Retirement System now owns 72,203 shares of the restaurant operator’s stock valued at $2,873,000 after acquiring an additional 300 shares in the last quarter. Profund Advisors LLC grew its stake in shares of Cheesecake Factory by 7.8% in the fourth quarter. Profund Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 385 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Cheesecake Factory by 12.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,036 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 461 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Cheesecake Factory by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 98,820 shares of the restaurant operator’s stock valued at $3,869,000 after acquiring an additional 770 shares in the last quarter. Finally, Versor Investments LP grew its stake in shares of Cheesecake Factory by 14.4% in the fourth quarter. Versor Investments LP now owns 7,145 shares of the restaurant operator’s stock valued at $280,000 after acquiring an additional 898 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Down 1.3 %

Shares of NASDAQ CAKE opened at $28.86 on Tuesday. The company has a 50 day simple moving average of $29.04 and a 200 day simple moving average of $34.38. The firm has a market cap of $1.52 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.45. The Cheesecake Factory Incorporated has a 1 year low of $26.05 and a 1 year high of $51.19. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.54.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.27). The business had revenue of $832.60 million during the quarter, compared to the consensus estimate of $836.64 million. Cheesecake Factory had a net margin of 2.65% and a return on equity of 32.30%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. On average, research analysts forecast that The Cheesecake Factory Incorporated will post 2.23 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Wednesday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $1.08 dividend on an annualized basis and a yield of 3.74%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 66.26%.

Analyst Ratings Changes

CAKE has been the topic of several research reports. Credit Suisse Group decreased their price target on shares of Cheesecake Factory from $48.00 to $37.00 and set a “maintains” rating on the stock in a research note on Thursday, July 28th. Barclays reduced their price objective on shares of Cheesecake Factory from $32.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, July 28th. Citigroup increased their price objective on shares of Cheesecake Factory from $39.00 to $40.00 in a research note on Thursday, July 28th. Piper Sandler reduced their price objective on shares of Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, July 11th. Finally, UBS Group reduced their price objective on shares of Cheesecake Factory from $42.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.38.

Cheesecake Factory Company Profile

(Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

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Institutional Ownership by Quarter for Cheesecake Factory (NASDAQ:CAKE)

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