Cheesecake Factory Incorporated (NASDAQ:CAKE) Reports Decline in Sellers; Strong Momentum for Longs

September 17, 2017 - By Louis Casey

 Cheesecake Factory Incorporated (NASDAQ:CAKE) Reports Decline in Sellers; Strong Momentum for Longs

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.08, from 1.01 in 2016Q3. It is positive, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.
Bessemer Group holds 0.12% or 441,927 shares in its portfolio. Schroder Investment Mngmt Group holds 635,360 shares or 0.07% of its portfolio. Finemark Comml Bank & reported 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Jane Street Limited Liability Corp invested in 0% or 4,299 shares. Mufg Americas invested in 1,423 shares or 0% of the stock. The Indiana-based Trust Invest Advsr has invested 1.54% in Cheesecake Factory Inc (NASDAQ:CAKE). Oakworth Inc holds 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 500 shares. Mason Street Limited Liability Co owns 20,587 shares. Disciplined Growth Investors Inc Mn holds 1.4% or 1.03 million shares in its portfolio. Lazard Asset Mgmt Limited Com, New York-based fund reported 100 shares. Opus Group Incorporated Limited Liability Corp holds 0.05% or 5,374 shares. Bryn Mawr invested in 3,550 shares or 0.01% of the stock. Parallax Volatility Advisers Lp reported 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Shell Asset accumulated 16,335 shares. Guggenheim Ltd Liability Corp invested in 0.01% or 80,215 shares.

Since March 16, 2017, it had 1 buying transaction, and 3 sales for $813,447 activity. PITTAWAY DAVID BRUCE also bought $23,288 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, May 23.

The stock of Cheesecake Factory Incorporated (NASDAQ:CAKE) registered a decrease of 0.35% in short interest. CAKE’s total short interest was 9.84 million shares in September as published by FINRA. Its down 0.35% from 9.87M shares, reported previously. With 1.07 million shares average volume, it will take short sellers 9 days to cover their CAKE’s short positions. The short interest to Cheesecake Factory Incorporated’s float is 23.25%.

The stock increased 1.29% or $0.52 on September 15, reaching $40.75. About 1.57M shares traded or 18.94% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 17, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $1.92 billion. 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. It has a 14.27 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 16 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. The Cheesecake Factory Incorporated had 42 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the stock to “Sell” rating in Tuesday, July 26 report. The company was maintained on Thursday, August 3 by Wedbush. Wunderlich maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, July 23 with “Hold” rating. Piper Jaffray maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, August 3. Piper Jaffray has “Buy” rating and $4900 target. The company was maintained on Wednesday, July 19 by Barclays Capital. On Thursday, February 23 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The company was upgraded on Tuesday, October 27 by BTIG Research. On Monday, July 17 the stock rating was maintained by Jefferies with “Hold”. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Hold” rating by Robert W. Baird on Wednesday, September 6. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Equal-Weight” rating by Barclays Capital on Thursday, August 3.

More notable recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Streetinsider.com which released: “Form 8-K CHEESECAKE FACTORY INC For: Sep 12” on September 12, 2017, also Fool.com with their article: “Why The Cheesecake Factory’s Stock Lost 13% in August” published on September 08, 2017, Providencejournal.com published: “Ex-dishwasher sues Cheesecake Factory, alleging sexual harassment” on August 23, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Fortune.com and their article: “The Cheesecake Factory” published on September 15, 2017 as well as Bloomberg.com‘s news article titled: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” with publication date: June 13, 2017.

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