Lisanti Capital Growth LLC Makes New $497,000 Investment in The Cheesecake Factory Incorporated $CAKE

Lisanti Capital Growth LLC purchased a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,105 shares of the restaurant operator’s stock, valued at approximately $497,000.

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

Analyst Ratings Changes

Several analysts recently commented on CAKE shares. Citigroup reduced their price objective on shares of Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings downgraded Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Morgan Stanley lifted their price target on shares of Cheesecake Factory from $49.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, January 20th. Jefferies Financial Group set a $70.00 target price on Cheesecake Factory and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer set a $70.00 price target on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.41.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $57.96 on Friday. The stock has a market cap of $2.89 billion, a P/E ratio of 17.56, a PEG ratio of 1.48 and a beta of 0.97. The Cheesecake Factory Incorporated has a 1-year low of $42.69 and a 1-year high of $69.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a 50-day moving average of $52.94 and a two-hundred day moving average of $55.36.

About Cheesecake Factory

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.