The Cheesecake Factory Incorporated $CAKE Stake Cut by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 88.4% in the 3rd quarter, Holdings Channel reports. The firm owned 7,070 shares of the restaurant operator’s stock after selling 53,700 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cheesecake Factory were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several research firms have recently commented on CAKE. Oppenheimer set a $70.00 price target on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Robert W. Baird set a $57.00 target price on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Wells Fargo & Company cut their price target on Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 29th. Mizuho set a $65.00 price objective on Cheesecake Factory and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial cut Cheesecake Factory from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 21st. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.41.

Cheesecake Factory Stock Up 1.1%

CAKE opened at $58.60 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.47 and a current ratio of 0.55. The company has a market capitalization of $2.92 billion, a PE ratio of 17.76, a P/E/G ratio of 1.47 and a beta of 0.97. The stock’s fifty day moving average is $53.21 and its 200-day moving average is $55.29. The Cheesecake Factory Incorporated has a one year low of $42.69 and a one year high of $69.70.

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.