Hs Management Partners Exits Position in Cheesecake Factory Inc (CAKE)

Cheesecake Factory Inc (CAKE) : Hs Management Partners has sold out all of its stake in Cheesecake Factory Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 1,304,953 shares of Cheesecake Factory Inc which is valued at $66,696,148.

Other Hedge Funds, Including , Grantham Mayo Van Otterloo boosted its stake in CAKE in the latest quarter, The investment management firm added 29,034 additional shares and now holds a total of 156,534 shares of Cheesecake Factory Inc which is valued at $8,000,453. Cheesecake Factory Inc makes up approx 0.03% of Grantham Mayo Van Otterloo’s portfolio.Quantitative Investment Management reduced its stake in CAKE by selling 5,700 shares or 57.58% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of CAKE which is valued at $213,318. Cheesecake Factory Inc makes up approx 0.01% of Quantitative Investment Management’s portfolio.Integrated Wealth Management boosted its stake in CAKE in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 1,132 shares of Cheesecake Factory Inc which is valued at $57,494. Cheesecake Factory Inc makes up approx 0.02% of Integrated Wealth Management’s portfolio.

Cheesecake Factory Inc closed down -0.04 points or -0.08% at $52.27 with 5,74,491 shares getting traded on Monday. Post opening the session at $52.46, the shares hit an intraday low of $52.18 and an intraday high of $53.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cheesecake Factory Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $558.86 million for the quarter, compared to analysts expectations of $563.38 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Cheesecake Factory Inc. Shares were Downgraded by Stifel on Jul 26, 2016 to ” Sell” and Lowered the Price Target to $ 43 from a previous price target of $65 .

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities which produce desserts for its restaurants international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand The Dream Factory brand The Cheesecake Factory Bakery brand and other private labels.

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