Future Fund LLC Purchases 11,296 Shares of The Cheesecake Factory Incorporated $CAKE

Future Fund LLC increased its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,346 shares of the restaurant operator’s stock after acquiring an additional 11,296 shares during the period. Future Fund LLC’s holdings in Cheesecake Factory were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp grew its stake in Cheesecake Factory by 3.0% in the 4th quarter. Truist Financial Corp now owns 6,187 shares of the restaurant operator’s stock worth $312,000 after buying an additional 181 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Cheesecake Factory by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,487 shares of the restaurant operator’s stock worth $529,000 after buying an additional 200 shares in the last quarter. California State Teachers Retirement System grew its stake in Cheesecake Factory by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock worth $2,790,000 after buying an additional 203 shares in the last quarter. Arizona State Retirement System grew its stake in Cheesecake Factory by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 13,918 shares of the restaurant operator’s stock worth $760,000 after buying an additional 214 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Cheesecake Factory by 14.5% in the 4th quarter. GAMMA Investing LLC now owns 1,741 shares of the restaurant operator’s stock worth $88,000 after buying an additional 220 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

CAKE has been the subject of a number of research reports. UBS Group set a $53.00 price target on shares of Cheesecake Factory and gave the stock a “sell” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cheesecake Factory in a research note on Friday, May 22nd. Wells Fargo & Company boosted their price target on shares of Cheesecake Factory from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised shares of Cheesecake Factory from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $58.00 to $68.00 in a research note on Thursday, May 14th. Finally, Barclays boosted their price target on shares of Cheesecake Factory from $58.00 to $60.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $64.94.

Cheesecake Factory Price Performance

Shares of Cheesecake Factory stock opened at $66.04 on Friday. The Cheesecake Factory Incorporated has a 52-week low of $43.07 and a 52-week high of $69.70. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a fifty day moving average of $59.69 and a 200-day moving average of $56.75. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. The company had revenue of $978.83 million during the quarter, compared to analysts’ expectations of $964.57 million. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that The Cheesecake Factory Incorporated will post 4.01 EPS for the current year.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 1.8%. Cheesecake Factory’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, Chairman David Overton sold 104,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the completion of the sale, the chairman owned 3,079,779 shares of the company’s stock, valued at $187,928,114.58. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scarlett May sold 5,206 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $62.95, for a total transaction of $327,717.70. Following the sale, the executive vice president directly owned 25,715 shares of the company’s stock, valued at $1,618,759.25. The trade was a 16.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.00% of the company’s stock.

About Cheesecake Factory

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.