The Cheesecake Factory Incorporated $CAKE Stock Holdings Trimmed by Gagnon Securities LLC

Gagnon Securities LLC decreased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 11.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,336 shares of the restaurant operator’s stock after selling 29,018 shares during the quarter. Cheesecake Factory accounts for approximately 2.5% of Gagnon Securities LLC’s holdings, making the stock its 15th largest position. Gagnon Securities LLC owned approximately 0.46% of Cheesecake Factory worth $12,422,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAKE. Ameritas Advisory Services LLC acquired a new position in Cheesecake Factory during the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Cheesecake Factory by 39.2% in the second quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 178 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cheesecake Factory by 32.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 323 shares during the period. CWM LLC raised its holdings in Cheesecake Factory by 36.7% during the third quarter. CWM LLC now owns 1,357 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 364 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its position in Cheesecake Factory by 16.4% in the third quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 221 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAKE shares. Morgan Stanley increased their price target on Cheesecake Factory from $49.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, January 20th. Wells Fargo & Company decreased their target price on Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 29th. Mizuho set a $65.00 target price on Cheesecake Factory and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup cut their price target on shares of Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Stephens reduced their price objective on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.41.

Cheesecake Factory Price Performance

CAKE stock opened at $58.51 on Friday. The Cheesecake Factory Incorporated has a one year low of $42.69 and a one year high of $69.70. The firm has a 50-day moving average of $52.69 and a two-hundred day moving average of $55.45. The firm has a market capitalization of $2.92 billion, a PE ratio of 17.73, a P/E/G ratio of 1.46 and a beta of 0.97. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.32.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The business had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 46.35%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, analysts forecast that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.