The Cheesecake Factory Incorporated $CAKE Stake Cut by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 37.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,170 shares of the restaurant operator’s stock after selling 21,801 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.07% of Cheesecake Factory worth $2,031,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Cheesecake Factory by 6.2% in the second quarter. American Century Companies Inc. now owns 1,704,314 shares of the restaurant operator’s stock valued at $106,792,000 after acquiring an additional 99,688 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Cheesecake Factory by 4.9% in the 2nd quarter. William Blair Investment Management LLC now owns 452,955 shares of the restaurant operator’s stock worth $28,382,000 after purchasing an additional 21,223 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Cheesecake Factory by 20.8% in the 2nd quarter. Fisher Asset Management LLC now owns 348,506 shares of the restaurant operator’s stock worth $21,837,000 after purchasing an additional 60,078 shares during the last quarter. New York State Common Retirement Fund boosted its position in Cheesecake Factory by 0.3% during the 2nd quarter. New York State Common Retirement Fund now owns 220,334 shares of the restaurant operator’s stock valued at $13,806,000 after purchasing an additional 753 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in Cheesecake Factory by 4.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 155,352 shares of the restaurant operator’s stock worth $9,734,000 after buying an additional 6,391 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Argus cut their target price on Cheesecake Factory from $72.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Mizuho set a $65.00 price objective on shares of Cheesecake Factory and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Jefferies Financial Group set a $70.00 target price on shares of Cheesecake Factory and gave the company a “buy” rating in a research note on Wednesday, October 29th. Citigroup decreased their target price on shares of Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Bank of America cut their price target on Cheesecake Factory from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.41.

Cheesecake Factory Stock Down 0.9%

CAKE stock opened at $57.96 on Friday. The firm’s 50-day moving average is $52.94 and its two-hundred day moving average is $55.41. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The Cheesecake Factory Incorporated has a 52 week low of $42.69 and a 52 week 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.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $907.23 million for the quarter, compared to analysts’ expectations of $912.95 million. Cheesecake Factory had a return on equity of 46.35% and a net margin of 4.33%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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 fiscal 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.