Here is What Institutional Investors Think About Cheesecake Factory Inc (NASDAQ:CAKE)

January 16, 2018 - By Peter Erickson

 Here is What Institutional Investors Think About Cheesecake Factory Inc (NASDAQ:CAKE)

Sentiment for Cheesecake Factory Inc (NASDAQ:CAKE)

Cheesecake Factory Inc (NASDAQ:CAKE) institutional sentiment decreased to 0.98 in Q3 2017. Its down -0.30, from 1.28 in 2017Q2. The ratio fall, as 127 investment managers increased or opened new holdings, while 129 reduced and sold stock positions in Cheesecake Factory Inc. The investment managers in our partner’s database now own: 44.72 million shares, up from 44.64 million shares in 2017Q2. Also, the number of investment managers holding Cheesecake Factory Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 52 Reduced: 77 Increased: 85 New Position: 42.

The Cheesecake Factory Incorporated operates restaurants primarily in the United States. The company has market cap of $2.11 billion. The firm also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. It has a 17.65 P/E ratio. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 currently under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements.

The stock decreased 0.37% or $0.18 during the last trading session, reaching $48. About 407,393 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has risen 21.63% since January 16, 2017 and is uptrending. It has outperformed by 4.93% the S&P500.

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on February, 28. They expect $0.53 EPS, down 20.90 % or $0.14 from last year’s $0.67 per share. CAKE’s profit will be $23.33 million for 22.64 P/E if the $0.53 EPS becomes a reality. After $0.56 actual EPS reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts -5.36 % negative EPS growth.

Centaur Capital Partners L.P. holds 3.46% of its portfolio in The Cheesecake Factory Incorporated for 47,500 shares. Armistice Capital Llc owns 324,000 shares or 1.61% of their US portfolio. Moreover, Crystal Rock Capital Management has 1.49% invested in the company for 53,077 shares. The Michigan-based Long Road Investment Counsel Llc has invested 1.45% in the stock. Hendershot Investments Inc., a Virginia-based fund reported 65,760 shares.#img1#

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Ratings Coverage

Ratings analysis reveals 22% of The Cheesecake Factory Incorporated’s analysts are positive. Out of 18 Wall Street analysts rating The Cheesecake Factory Incorporated, 4 give it “Buy”, 1 “Sell” rating, while 13 recommend “Hold”. The lowest target is $40 while the high is $70. The stock’s average target of $51.60 is 7.50% above today’s ($48) share price. CAKE was included in 57 notes of analysts from July 24, 2015. The stock has “Hold” rating by Wunderlich on Thursday, July 23. The firm earned “Buy” rating on Thursday, August 3 by Wedbush. The firm has “Neutral” rating given on Friday, October 27 by Nomura. Maxim Group maintained The Cheesecake Factory Incorporated (NASDAQ:CAKE) rating on Tuesday, September 12. Maxim Group has “Buy” rating and $57.0 target. The stock has “Hold” rating by Canaccord Genuity on Friday, January 5. As per Tuesday, July 26, the company rating was downgraded by Stifel Nicolaus. The firm has “Buy” rating by Argus Research given on Tuesday, November 15. The stock has “Neutral” rating by Nomura on Thursday, November 2. Wells Fargo maintained The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Tuesday, October 24 with “Market Perform” rating. Telsey Advisory Group maintained The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Thursday, February 23 with “Outperform” rating.

More notable recent The Cheesecake Factory Incorporated (NASDAQ:CAKE) news were published by: Bloomberg.com which released: “Don’t Dine and Dash on Cheesecake Factory” on November 02, 2017, also Nasdaq.com with their article: “Cheesecake Factory Expands Presence in Oregon & Illinois” published on December 06, 2017, Investorplace.com published: “Have Investors Lost Their Taste for Cheesecake Factory Inc?” on November 06, 2017. More interesting news about The Cheesecake Factory Incorporated (NASDAQ:CAKE) were released by: Bloomberg.com and their article: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” published on June 13, 2017 as well as Seekingalpha.com‘s news article titled: “Cheesecake Factory (CAKE) Q2 2017 Results – Earnings Call Transcript” with publication date: August 03, 2017.

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