Avior Wealth Management LLC Sells 1,908 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Avior Wealth Management LLC decreased its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,187 shares of the restaurant operator’s stock after selling 1,908 shares during the quarter. Avior Wealth Management LLC’s holdings in Cheesecake Factory were worth $1,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Cheesecake Factory during the third quarter valued at $223,000. Foundations Investment Advisors LLC bought a new position in Cheesecake Factory during the third quarter valued at $227,000. Janney Montgomery Scott LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth about $270,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Cheesecake Factory in the 3rd quarter worth about $317,000. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Trading Down 0.1 %

NASDAQ CAKE opened at $51.47 on Friday. 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 company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50. The company’s 50-day simple moving average is $49.11 and its two-hundred day simple moving average is $43.20. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one year high of $52.90.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts forecast that The Cheesecake Factory Incorporated will post 3.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group raised their target price on shares of Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a report on Tuesday, January 7th. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a report on Tuesday, January 7th. StockNews.com lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Wedbush raised their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.40.

Insider Buying and Selling at Cheesecake Factory

In related news, insider Keith Carango sold 13,095 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the transaction, the insider now owns 14,977 shares in the company, valued at $747,052.76. The trade was a 46.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.