The Cheesecake Factory Incorporated $CAKE Stake Cut by Gagnon Securities LLC

Gagnon Securities LLC lessened its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 11.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 227,336 shares of the restaurant operator’s stock after selling 29,018 shares during the period. Cheesecake Factory accounts for approximately 2.5% of Gagnon Securities LLC’s portfolio, making the stock its 15th biggest holding. Gagnon Securities LLC’s holdings in Cheesecake Factory were worth $12,422,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cheesecake Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock worth $1,399,000 after purchasing an additional 1,268 shares during the period. Woodline Partners LP lifted its position in Cheesecake Factory by 30.9% in the 1st quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock worth $4,509,000 after buying an additional 21,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Cheesecake Factory by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock valued at $5,343,000 after buying an additional 8,592 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cheesecake Factory by 11.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,329 shares of the restaurant operator’s stock valued at $547,000 after buying an additional 864 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Cheesecake Factory by 4.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 27,116 shares of the restaurant operator’s stock valued at $1,698,000 after acquiring an additional 1,097 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird set a $57.00 price objective on Cheesecake Factory in a report on Wednesday, October 29th. Weiss Ratings downgraded Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Mizuho set a $65.00 price target on Cheesecake Factory and gave the company an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley boosted 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. Finally, 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. Eight 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.41.

Cheesecake Factory Stock Up 1.1%

CAKE stock opened at $58.51 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. The company has a 50-day moving average of $52.69 and a two-hundred day moving average of $55.45. The Cheesecake Factory Incorporated has a 52-week low of $42.69 and a 52-week 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.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 28th. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Cheesecake Factory had a return on equity of 46.35% and a net margin of 4.33%.The business had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that The Cheesecake Factory Incorporated will post 3.71 EPS 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.