The Cheesecake Factory Incorporated (NASDAQ:CAKE) Shares Bought by Burney Co

Henrietta Strickland
September 10, 2017

According to The Cheesecake Factory Incorporated (CAKE) most recent 13F filing, the company has 46 new institutional holders - accounting for 1.8 million shares of its common stock. If the published price targets set by The Cheesecake Factory Incorporated analysts have any power to influence the stock's share price, the highest price target set for CAKE is $57. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Cheesecake Factory by 32.2% during the 1st quarter. Wellington Management Group LLP now owns 1,846,350 shares of the restaurant operator's stock worth $116,985,000 after buying an additional 69,832 shares during the last quarter. Parallel Advisors LLC grew its position in The Cheesecake Factory by 13.5% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator's stock valued at $130,000 after purchasing an additional 968 shares in the last quarter. Tyers Asset Management LLC grew its position in The Cheesecake Factory by 1.1% during the 1st quarter. It improved, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator's stock worth $162,000 after purchasing an additional 482 shares in the last quarter. Neuberger Berman Group LLC raised its position in The Cheesecake Factory by 15.7% during the 1st quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator's stock worth $170,000 after purchasing an additional 28 shares in the last quarter.

Hedge funds have recently added to or reduced their stakes in the stock. Jefferies maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, September 5. If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2017/09/09/jefferies-group-llc-reiterates-hold-rating-for-the-cheesecake-factory-incorporated-cake.html.

The following firms have recently changed their position in CAKE.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has seen its stock price gain 21.13, or -35.29%, so far in 2017. Next Financial Group, Inc downsized its ownership by selling 230 shares a decrease of 20.2%. The stock's last price was lower from the average trading price of 50 days recorded at $9.02 while enlarging the period to 200 trading days, the average price was $14.32. Instinet began coverage on The Cheesecake Factory in a report on Wednesday, July 12th. On Tuesday, October 27 the stock rating was upgraded by BTIG Research to "Buy". The company presently has a consensus rating of "Hold" and a consensus price target of $54.44. It opened the session with a $39.58 price tag, later ranging from $38.34 to $39.8, the range at which the stock has traded at throughout the day.

The Cheesecake Factory Incorporated, launched on February 13, 1992, is involved in the restaurant and bakery business. The company has Beta Value of 0.36 and ATR value of 1.04. The firm's 50-day moving average is $44.07 and its 200-day moving average is $54.99.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has a market cap of $1.8 billion and over the last 12 months, CAKE has declined by -24.77%. The company beat the analyst EPS Estimate with the difference of $0.09.

However, revenue increased just 2% to $569.9 million, below the consensus for $570.3 million, and comparable sales slipped 0.5%. Return on Equity (ROE) stands at 22.8% and Return on Investment (ROI) of 24.7 percent. Moreover, Sg Americas Secs Ltd Company has 0.03% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 64,357 shares. The company was maintained on Tuesday, August 25 by Deutsche Bank. The short-interest ratio increased to 6.0 and the percentage of shorted shares was 0.21% on August 15. The ex-dividend date was Monday, August 14th. The dividend yield was $2.94. This is an increase from The Cheesecake Factory's previous quarterly dividend of $0.24. TheStreet cut shares of The Cheesecake Factory from a "b-" rating to a "c+" rating in a research report on Friday, August 25th. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark.

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