The Cheesecake Factory Incorporated (CAKE) Holdings Lifted by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,900 shares of the restaurant operator’s stock after acquiring an additional 3,200 shares during the quarter. California Public Employees Retirement System owned 0.22% of The Cheesecake Factory worth $5,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAKE. Victory Capital Management Inc. increased its stake in The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 482 shares during the last quarter. Riverhead Capital Management LLC increased its stake in The Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 1,793 shares during the last quarter. LS Investment Advisors LLC increased its stake in The Cheesecake Factory by 17.0% in the 2nd quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock worth $213,000 after acquiring an additional 615 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in The Cheesecake Factory by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock worth $218,000 after acquiring an additional 109 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in The Cheesecake Factory by 7.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 320 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (NASDAQ CAKE) opened at 44.90 on Friday. The company’s 50-day moving average price is $41.62 and its 200 day moving average price is $50.16. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14. The stock has a market capitalization of $2.06 billion, a PE ratio of 15.70 and a beta of 0.32.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The company had revenue of $569.87 million for the quarter, compared to analysts’ expectations of $573.12 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate that The Cheesecake Factory Incorporated will post $2.65 EPS for the current year.

CAKE has been the topic of a number of research analyst reports. Wedbush restated a “buy” rating on shares of The Cheesecake Factory in a research note on Thursday, July 13th. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 target price on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Maxim Group restated a “buy” rating and issued a $57.00 target price (down from $65.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of The Cheesecake Factory in a research note on Wednesday, September 20th. Finally, TheStreet lowered The Cheesecake Factory from a “b-” rating to a “c+” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.35.

WARNING: “The Cheesecake Factory Incorporated (CAKE) Holdings Lifted by California Public Employees Retirement System” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/28/california-public-employees-retirement-system-boosts-stake-in-the-cheesecake-factory-incorporated-cake.html.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply