Northwestern Mutual Investment Management Company LLC decreased its position in shares of The Cheesecake Factory Inc. (NASDAQ:CAKE) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,704 shares of the company’s stock after selling 83 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in The Cheesecake Factory were worth $371,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CAKE. Victory Capital Management Inc. raised its stake in shares of The Cheesecake Factory by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,191 shares of the company’s stock worth $105,000 after buying an additional 955 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of 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 in the last quarter. Huntington National Bank raised its stake in shares of The Cheesecake Factory by 93.1% in the second quarter. Huntington National Bank now owns 2,346 shares of the company’s stock worth $113,000 after buying an additional 1,131 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of 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 in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

The Cheesecake Factory Inc. (NASDAQ:CAKE) opened at 51.80 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of 20.66 and a beta of 0.45. The Cheesecake Factory Inc. has a one year low of $44.16 and a one year high of $55.58. The company has a 50 day moving average of $51.23 and a 200-day moving average of $50.99.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, July 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The Cheesecake Factory had a net margin of 5.81% and a return on equity of 22.04%. The firm earned $558.86 million during the quarter, compared to analysts’ expectations of $562.96 million. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that The Cheesecake Factory Inc. will post $2.75 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Barclays PLC boosted their target price on shares of The Cheesecake Factory from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Canaccord Genuity initiated coverage on shares of The Cheesecake Factory in a research note on Monday, August 22nd. They set a “hold” rating and a $54.00 target price for the company. Robert W. Baird restated a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, September 8th. Finally, Stifel Nicolaus lowered 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 research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.73.

In related news, CFO Doug Benn sold 6,512 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 51,344 shares of the company’s stock, valued at $2,721,232. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.50% of the company’s stock.

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.

5 Day Chart for NASDAQ:CAKE

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