Cheesecake Factory Inc (CAKE) : Ramsey Quantitative Systems scooped up 5,989 additional shares in Cheesecake Factory Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 16,711 shares of Cheesecake Factory Inc which is valued at $1,005,167.Cheesecake Factory Inc makes up approximately 1.06% of Ramsey Quantitative Systems’s portfolio.
Other Hedge Funds, Including , Mason Street Advisors boosted its stake in CAKE in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 20,689 shares of Cheesecake Factory Inc which is valued at $1,244,443. Cheesecake Factory Inc makes up approx 0.04% of Mason Street Advisors’s portfolio.Grantham Mayo Van Otterloo reduced its stake in CAKE by selling 138,829 shares or 88.69% in the most recent quarter. The Hedge Fund company now holds 17,705 shares of CAKE which is valued at $1,009,362.Ubs Asset Management Americas Inc boosted its stake in CAKE in the latest quarter, The investment management firm added 1,678 additional shares and now holds a total of 29,489 shares of Cheesecake Factory Inc which is valued at $1,534,018.Victory Capital Management Inc boosted its stake in CAKE in the latest quarter, The investment management firm added 634 additional shares and now holds a total of 2,825 shares of Cheesecake Factory Inc which is valued at $146,307.Outfitter Advisors Ltd. boosted its stake in CAKE in the latest quarter, The investment management firm added 2,920 additional shares and now holds a total of 58,120 shares of Cheesecake Factory Inc which is valued at $3,061,180. Cheesecake Factory Inc makes up approx 1.28% of Outfitter Advisors Ltd.’s portfolio.
Cheesecake Factory Inc opened for trading at $57.98 and hit $57.98 on the upside on Monday, eventually ending the session at $57.92, with a gain of 0.31% or 0.18 points. The heightened volatility saw the trading volume jump to 9,41,573 shares. Company has a market cap of $2,747 M.
On the company’s financial health, Cheesecake Factory Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $560.00 million for the quarter, compared to analysts expectations of $557.78 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Many Wall Street Analysts have commented on Cheesecake Factory Inc. Maxim Group Downgraded Cheesecake Factory Inc on Nov 15, 2016 to ” Hold”, Price Target of the shares are set at $59.Cheesecake Factory Inc was Upgraded by Argus to ” Buy” on Nov 15, 2016. Company shares were Upgraded by Telsey Advisory Group on Nov 9, 2016 to ” Outperform”, Firm has raised the Price Target to $ 61 from a previous price target of $56 .
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.