December 1, 2016 - By Pete Kolinski · 0 Comments
Cheesecake Factory Inc (NASDAQ:CAKE) institutional sentiment decreased to 1.01 in 2016 Q2. Its down -0.06, from 1.07 in 2016Q1. The ratio dropped, as 114 active investment managers opened new and increased equity positions, while 107 cut down and sold their stock positions in Cheesecake Factory Inc. The active investment managers in our partner’s database now hold: 41.87 million shares, down from 42.86 million shares in 2016Q1. Also, the number of active investment managers holding Cheesecake Factory Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 25 Reduced: 82 Increased: 89 New Position: 25.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.81 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 21.93 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.
The stock increased 0.07% or $0.04 during the last trading session, hitting $59.17. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 15.57% since April 28, 2016 and is uptrending. It has outperformed by 9.64% the S&P500.
Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on February, 21. They expect $0.67 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.82M for 22.08 P/E if the $0.67 EPS becomes a reality. After $0.70 actual EPS reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.
According to Zacks Investment Research, “The Cheesecake Factory operates many upscale, high volume, casual dining restaurants. They offer over 200 menu items including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, salads, sandwiches, omelets and signature desserts including over 40 varieties of cheesecake.”
Crystal Rock Capital Management holds 4.24% of its portfolio in Cheesecake Factory Inc for 118,920 shares. Campbell & Co Investment Adviser Llc owns 8,794 shares or 2.14% of their US portfolio. Moreover, Trust Investment Advisors has 1.37% invested in the company for 24,165 shares. The Michigan-based Long Road Investment Counsel Llc has invested 1.32% in the stock. Ncm Capital Advisers Inc., a North Carolina-based fund reported 9,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 10 selling transactions for $9.48 million net activity.
Ratings analysis reveals 30% of The Cheesecake Factory Incorporated’s analysts are positive. Out of 10 Wall Street analysts rating The Cheesecake Factory Incorporated, 3 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $52 while the high is $70. The stock’s average target of $58.29 is -1.49% below today’s ($59.17) share price. CAKE was included in 18 notes of analysts from July 24, 2015. On Tuesday, February 9 the stock rating was initiated by Maxim Group with “Buy”. Telsey Advisory Group maintained the stock with “Market Perform” rating in Tuesday, October 27 report. As per Tuesday, October 27, the company rating was maintained by Stifel Nicolaus. On Tuesday, November 15 the stock rating was downgraded by Maxim Group to “Hold”. Wunderlich maintained it with “Hold” rating and $60 target price in Thursday, July 23 report. As per Tuesday, July 26, the company rating was downgraded by Stifel Nicolaus. The stock has “Buy” rating given by Maxim Group on Thursday, October 27. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, September 29. The firm has “Buy” rating by Argus Research given on Tuesday, November 15. The firm has “Outperform” rating given on Wednesday, November 9 by Telsey Advisory Group.
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 news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Businesswire.com, which released: “The Cheesecake Factory to Present at the Barclays Eat, Sleep, Play â€“ It’s Not …” on November 22, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” and published on November 03, 2016 is yet another important article.
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By Pete Kolinski