AlphaQuest LLC Purchases 28,159 Shares of The Cheesecake Factory Incorporated $CAKE

AlphaQuest LLC lifted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 186.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,226 shares of the restaurant operator’s stock after buying an additional 28,159 shares during the period. AlphaQuest LLC owned approximately 0.09% of Cheesecake Factory worth $2,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAKE. Parkside Financial Bank & Trust boosted its stake in 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. California State Teachers Retirement System lifted its holdings in shares of Cheesecake Factory by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock valued at $2,790,000 after purchasing an additional 203 shares during the last quarter. Bayforest Capital Ltd boosted its position in shares of Cheesecake Factory by 16.4% in the 3rd quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 221 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Cheesecake Factory by 6.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 4,415 shares of the restaurant operator’s stock worth $241,000 after buying an additional 248 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Cheesecake Factory by 1.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,755 shares of the restaurant operator’s stock worth $1,551,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

Shares of NASDAQ:CAKE opened at $57.96 on Friday. The Cheesecake Factory Incorporated has a twelve month low of $42.69 and a twelve month high of $69.70. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.89 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The company’s 50 day moving average is $52.94 and its 200 day moving average is $55.41.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens decreased their price target on Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Jefferies Financial Group set a $70.00 price objective on shares of Cheesecake Factory and gave the company a “buy” rating in a research report on Wednesday, October 29th. Argus dropped their target price on shares of Cheesecake Factory from $72.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Morgan Stanley upped their price target on shares of Cheesecake Factory from $49.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings downgraded shares of Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Eight equities 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. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus target price of $59.41.

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.