What’s Ahead for Cheesecake Factory Incorporated (NASDAQ:CAKE) After Less Shorted Shares?

September 17, 2017 - By Darrin Black

 What’s Ahead for Cheesecake Factory Incorporated (NASDAQ:CAKE) After Less Shorted Shares?

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.08, from 1.01 in 2016Q3. It improved, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.
5,651 are owned by Advsr Asset Mngmt. Tower Lc (Trc) holds 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 1,932 shares. Ngam Advsrs Limited Partnership has 62,654 shares for 0.05% of their portfolio. Hutchin Hill Ltd Partnership has 0.19% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Millennium Lc owns 272,430 shares for 0.03% of their portfolio. Blackrock Advsrs Lc holds 175,619 shares or 0.01% of its portfolio. Td Asset Mgmt holds 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 124,230 shares. 39,235 are held by Dupont Cap Management. D E Shaw Inc reported 4,530 shares. 15,825 are owned by Thomas White International. Riggs Asset Managment Inc has 225 shares. California State Teachers Retirement System holds 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 93,688 shares. Amer Century has invested 0.02% in Cheesecake Factory Inc (NASDAQ:CAKE). Capstone Invest Ltd Co holds 0.02% or 12,600 shares. Ameritas Ptnrs Inc reported 34,120 shares stake.

Since March 16, 2017, it had 1 insider buy, and 3 sales for $813,447 activity. $23,288 worth of stock was bought by PITTAWAY DAVID BRUCE on Tuesday, May 23.

The stock of Cheesecake Factory Incorporated (NASDAQ:CAKE) registered a decrease of 0.35% in short interest. CAKE’s total short interest was 9.84M shares in September as published by FINRA. Its down 0.35% from 9.87 million shares, reported previously. With 1.07 million shares average volume, it will take short sellers 9 days to cover their CAKE’s short positions. The short interest to Cheesecake Factory Incorporated’s float is 23.25%.

The stock increased 1.29% or $0.52 on September 15, reaching $40.75. About 1.57M shares traded or 18.94% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 17, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $1.92 billion. 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. It has a 14.27 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 16 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. The Cheesecake Factory Incorporated had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, July 26. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, October 27 with “Buy” rating. The company was downgraded on Wednesday, November 16 by Stephens. Argus Research downgraded the shares of CAKE in report on Tuesday, June 20 to “Hold” rating. As per Wednesday, June 14, the company rating was maintained by Maxim Group. As per Monday, July 24, the company rating was maintained by Piper Jaffray. The rating was downgraded by Jefferies on Wednesday, January 4 to “Underperform”. The firm has “Hold” rating given on Wednesday, July 12 by Nomura. Barclays Capital maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Wednesday, July 19. Barclays Capital has “Equal-Weight” rating and $53 target. The company was maintained on Tuesday, September 5 by Jefferies.

More notable recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Streetinsider.com which released: “Form 8-K CHEESECAKE FACTORY INC For: Sep 12” on September 12, 2017, also Bloomberg.com with their article: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” published on June 13, 2017, Fortune.com published: “The Cheesecake Factory” on September 15, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Providencejournal.com and their article: “Ex-dishwasher sues Cheesecake Factory, alleging sexual harassment” published on August 23, 2017 as well as Fool.com‘s news article titled: “Why The Cheesecake Factory’s Stock Lost 13% in August” with publication date: September 08, 2017.

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