Private Wealth Partners LLC maintained its position in The Cheesecake Factory Inc. (NASDAQ:CAKE) during the second quarter, Holdings Channel reports. The firm owned 7,000 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in The Cheesecake Factory were worth $337,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of CAKE. BlackRock Japan Co. Ltd boosted its position in The Cheesecake Factory by 28.8% in the first quarter. BlackRock Japan Co. Ltd now owns 2,128 shares of the company’s stock worth $113,000 after buying an additional 476 shares during the last quarter. LS Investment Advisors LLC boosted its position in The Cheesecake Factory by 66.1% in the second quarter. LS Investment Advisors LLC now owns 2,740 shares of the company’s stock worth $132,000 after buying an additional 1,090 shares during the last quarter. Bessemer Group Inc. boosted its position in The Cheesecake Factory by 2,510.0% in the first quarter. Bessemer Group Inc. now owns 2,610 shares of the company’s stock worth $139,000 after buying an additional 2,510 shares during the last quarter. Wagner Bowman Management Corp boosted its position in The Cheesecake Factory by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 4,240 shares of the company’s stock worth $204,000 after buying an additional 35 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in The Cheesecake Factory during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
Shares of The Cheesecake Factory Inc. (NASDAQ:CAKE) traded up 0.82% on Tuesday, reaching $50.37. 745,538 shares of the company’s stock traded hands. The firm has a market cap of $2.34 billion, a P/E ratio of 20.09 and a beta of 0.35. The Cheesecake Factory Inc. has a one year low of $44.16 and a one year high of $55.53. The company’s 50-day moving average price is $51.16 and its 200 day moving average price is $50.84.
The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm earned $558.86 million during the quarter, compared to analyst estimates of $562.96 million. The Cheesecake Factory had a net margin of 5.81% and a return on equity of 22.04%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, equities analysts forecast that The Cheesecake Factory Inc. will post $2.75 EPS for the current fiscal year.
CAKE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, September 27th. Barclays PLC lifted their price target on The Cheesecake Factory from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Canaccord Genuity assumed coverage on The Cheesecake Factory in a report on Monday, August 22nd. They set a “hold” rating and a $54.00 price target for the company. Robert W. Baird restated a “neutral” rating on shares of The Cheesecake Factory in a report on Thursday, September 8th. Finally, Stifel Nicolaus cut The Cheesecake Factory from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $65.00 to $43.00 in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.73.
In other news, CFO Doug Benn sold 6,512 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $53.00, for a total transaction of $345,136.00. Following the completion of the sale, the chief financial officer now owns 51,344 shares in the company, valued at approximately $2,721,232. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by company insiders.
The Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.
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