M&T Bank Corp increased its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 23.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,849 shares of the restaurant operator’s stock after buying an additional 919 shares during the quarter. M&T Bank Corp’s holdings in The Cheesecake Factory were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in The Cheesecake Factory by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,791 shares of the restaurant operator’s stock worth $392,000 after buying an additional 20 shares during the last quarter. Bank of Montreal Can lifted its position in The Cheesecake Factory by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 5,152 shares of the restaurant operator’s stock worth $259,000 after buying an additional 24 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in The Cheesecake Factory by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock worth $327,000 after buying an additional 26 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in The Cheesecake Factory by 0.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,704 shares of the restaurant operator’s stock worth $371,000 after buying an additional 55 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position 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 buying an additional 109 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

A number of research firms recently weighed in on CAKE. Stephens restated an “equal weight” rating and issued a $48.00 target price (down previously from $55.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Maxim Group restated a “buy” rating and issued a $57.00 target price (down previously from $65.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Instinet restated a “neutral” rating and issued a $44.00 target price (down previously from $50.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and issued a $48.00 target price (down previously from $53.00) on shares of The Cheesecake Factory in a research report on Thursday, August 3rd. Finally, Canaccord Genuity restated a “hold” rating on shares of The Cheesecake Factory in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $52.24.

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The Cheesecake Factory Incorporated (CAKE) opened at 42.19 on Friday. The stock’s 50 day moving average price is $41.11 and its 200 day moving average price is $51.31. The Cheesecake Factory Incorporated has a 1-year low of $38.34 and a 1-year high of $67.14. The stock has a market capitalization of $1.94 billion, a PE ratio of 14.76 and a beta of 0.32.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same period last year, the company earned $0.78 EPS. The Cheesecake Factory’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that The Cheesecake Factory Incorporated will post $2.65 earnings per share for the current fiscal year.

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.

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

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