Los Angeles Capital Management LLC Sells 10,787 Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Los Angeles Capital Management LLC lowered its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) by 42.0% during the 4th quarter, Holdings Channel reports. The firm owned 14,886 shares of the restaurant operator’s stock after selling 10,787 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cheesecake Factory were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAKE. Duality Advisers LP bought a new stake in shares of Cheesecake Factory in the fourth quarter worth about $996,000. Resource Consulting Group Inc. purchased a new position in Cheesecake Factory during the 4th quarter valued at approximately $427,000. Yarbrough Capital LLC bought a new stake in Cheesecake Factory in the 4th quarter worth approximately $279,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cheesecake Factory by 36.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,515 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 2,790 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $2,640,000. 85.28% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CAKE. StockNews.com began coverage on shares of Cheesecake Factory in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup started coverage on shares of Cheesecake Factory in a report on Tuesday, April 12th. They issued a “buy” rating and a $52.00 target price on the stock. Raymond James lowered their price target on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, January 26th. Stephens lifted their price target on Cheesecake Factory from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 17th. Finally, Wedbush upped their price objective on Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.36.

Shares of NASDAQ:CAKE opened at $37.71 on Friday. The firm has a market capitalization of $1.99 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47. The business has a 50 day simple moving average of $38.32 and a two-hundred day simple moving average of $39.74. The Cheesecake Factory Incorporated has a 1 year low of $31.43 and a 1 year high of $65.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.64 and a quick ratio of 0.57.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.10). Cheesecake Factory had a return on equity of 37.60% and a net margin of 2.47%. The business had revenue of $776.69 million for the quarter, compared to the consensus estimate of $774.52 million. During the same period in the prior year, the business posted ($0.32) earnings per share. Cheesecake Factory’s revenue was up 40.1% on a year-over-year basis. Equities research analysts expect that The Cheesecake Factory Incorporated will post 2.96 EPS for the current fiscal year.

Cheesecake Factory Profile (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

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

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