Short Interest Buzzer: How Analysts Feel About Cheesecake Factory Incorporated (NASDAQ:CAKE) After Increase in Sellers?

November 28, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Buzzer: How Analysts Feel About Cheesecake Factory Incorporated (NASDAQ:CAKE) After Increase in Sellers?

The stock of Cheesecake Factory Incorporated (NASDAQ:CAKE) registered an increase of 9.74% in short interest. CAKE’s total short interest was 7.05 million shares in November as published by FINRA. Its up 9.74% from 6.42 million shares, reported previously. With 997,700 shares average volume, it will take short sellers 7 days to cover their CAKE’s short positions. The short interest to Cheesecake Factory Incorporated’s float is 16.47%. About 224,096 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 16.27% since April 25, 2016 and is uptrending. It has outperformed by 10.26% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.82 billion. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. It has a 22 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.06, from 1.07 in 2016Q1. The ratio fall, as 25 funds sold all Cheesecake Factory Inc shares owned while 82 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 41.87 million shares or 2.30% less from 42.86 million shares in 2016Q1.
California State Teachers Retirement owns 95,288 shares or 0.01% of their US portfolio. Texas Permanent School Fund, a Texas-based fund reported 34,118 shares. Blackrock owns 23,221 shares or 0% of their US portfolio. Dekabank Deutsche Girozentrale holds 82,700 shares or 0.05% of its portfolio. Moreover, Retirement Systems Of Alabama has 0.02% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 57,560 shares. Moreover, Teachers Advsr Incorporated has 0.03% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 309,250 shares. First Republic Inc last reported 5,588 shares in the company. Gsa Prns Limited Liability Partnership has 0.13% invested in the company for 47,851 shares. Moreover, Principal Financial Grp Inc Inc has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 170,643 shares. Ftb Advisors Inc has invested 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Victory Capital Mgmt last reported 0% of its portfolio in the stock. The Connecticut-based Trexquant Invest Lp has invested 0.15% in Cheesecake Factory Inc (NASDAQ:CAKE). Reilly Advsr Limited Liability Company has invested 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). D E Shaw And Commerce accumulated 0.02% or 231,972 shares. Systematic Finance Management Limited Partnership owns 36,955 shares or 0.02% of their US portfolio.

Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 9 selling transactions for $9.42 million net activity. Another trade for 1,000 shares valued at $57,127 was sold by SLOMANN CHERYL. Another trade for 6,512 shares valued at $345,135 was sold by BENN DOUG. The insider Gordon David M sold $889,506. $251,158 worth of shares were sold by ZURZOLO DEBBY R on Thursday, November 17. Another trade for 109,539 shares valued at $6.32M was made by OVERTON DAVID on Friday, November 18. The insider KRANSDORF JEROME I sold 7,500 shares worth $427,403.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Out of 10 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by BTIG Research on Tuesday, October 27 to “Buy”. The firm earned “Hold” rating on Tuesday, November 15 by Maxim Group. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Buy” rating given on Tuesday, February 9 by Maxim Group. Wunderlich maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, July 23. Wunderlich has “Hold” rating and $60 price target. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Equal-Weight” rating given on Wednesday, November 16 by Stephens. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, October 27. On Tuesday, October 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. Maxim Group maintained the stock with “Buy” rating in Thursday, October 27 report. Stifel Nicolaus downgraded Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, July 26 to “Sell” rating. The rating was maintained by Stifel Nicolaus on Thursday, July 23 with “Buy”.

CAKE Company Profile

The Cheesecake Factory Incorporated, incorporated on February 13, 1992, is engaged in the restaurant and bakery business. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers.

More recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Businesswire.com which released: “The Cheesecake Factory to Present at the Barclays Eat, Sleep, Play – It’s Not …” on November 22, 2016. Also Bloomberg.com published the news titled: “Cheesecake Factory Rises as Analyst Says Sales May Accelerate” on September 21, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” with publication date: November 03, 2016 was also an interesting one.

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By Nellie Frank


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