Stock of the Day: Is Buying Stock Like Cheesecake Factory Inc After Such Increase Winning Strategy?

Stock of the Day: Is Buying Stock Like Cheesecake Factory Inc After Such Increase Winning Strategy?

The stock of Cheesecake Factory Inc (NASDAQ:CAKE) is a huge mover today! About 321,218 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has declined 1.92% since March 1, 2016 and is downtrending. It has underperformed by 11.17% the S&P500.
The move comes after 6 months positive chart setup for the $2.41 billion company. It was reported on Oct, 4 by Barchart.com. We have $74.38 PT which if reached, will make NASDAQ:CAKE worth $1.16 billion more.

Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on October, 24. They expect $0.61 earnings per share, up 3.39% or $0.02 from last year’s $0.59 per share. CAKE’s profit will be $29.25M for 20.60 P/E if the $0.61 EPS becomes a reality. After $0.78 actual earnings per share reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -21.79% negative EPS growth.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Out of 8 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. The Cheesecake Factory Incorporated has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, October 27 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Sell” rating given on Tuesday, July 26 by Stifel Nicolaus. The company was maintained on Thursday, July 23 by Wunderlich. Telsey Advisory Group initiated the shares of CAKE in a report on Tuesday, September 29 with “Market Perform” rating. The firm has “Buy” rating by Maxim Group given on Tuesday, February 9. The company was upgraded on Tuesday, October 27 by BTIG Research. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, October 27 with “Buy” rating. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, July 23. Stifel Nicolaus has “Buy” rating and $70 price target.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.05, from 1.12 in 2016Q1. The ratio is negative, 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.
Bokf Na has invested 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Moreover, Glenmede Trust Na has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 8,289 shares. Blair William & Il last reported 9,379 shares in the company. The Indiana-based Trust Invest has invested 1.37% in Cheesecake Factory Inc (NASDAQ:CAKE). Schroder Management Grp holds 0.04% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 450,300 shares. Barclays Public Limited Com owns 1,311 shares or 0% of their US portfolio. Invesco Limited holds 0.02% or 1.11 million shares in its portfolio. State Board Of Administration Of Florida Retirement accumulated 41,885 shares or 0.01% of the stock. Everpoint Asset Mngmt Limited Liability Corporation, a Connecticut-based fund reported 170,000 shares. Sei Investments accumulated 0.01% or 42,819 shares. Moreover, Strs Ohio has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 4,100 shares. Plante Moran Advisors Ltd Llc accumulated 346 shares or 0.01% of the stock. First Mercantile last reported 0.04% of its portfolio in the stock. Pine River Mgmt Limited Partnership accumulated 0.01% or 19,809 shares. Scout Invs Inc last reported 50,125 shares in the company.

Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 3 selling transactions for $1.12 million net activity. $345,135 worth of Cheesecake Factory Inc (NASDAQ:CAKE) was sold by BENN DOUG. $77,800 worth of shares were sold by ZURZOLO DEBBY R on Tuesday, May 3. BYFUGLIN MAX S also sold $699,020 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Friday, May 27.

More important recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Fool.com which released: “Why The Cheesecake Factory Inc Shows Tasty Potential” on November 05, 2015, also Bloomberg.com published article titled: “Cheesecake Factory Rises as Analyst Says Sales May Accelerate”, Wsj.com published: “Cheesecake Factory Posts Higher Profit” on April 28, 2016. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) was released by: Wsj.com and their article: “Cheesecake Factory: A Meal Worth Waiting For” with publication date: October 25, 2015.

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.

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