BlueCrest Capital Management Ltd purchased a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,374 shares of the restaurant operator’s stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAKE. Prudential Financial Inc. raised its holdings in shares of The Cheesecake Factory by 7.9% during the 1st quarter. Prudential Financial Inc. now owns 30,133 shares of the restaurant operator’s stock worth $1,909,000 after acquiring an additional 2,204 shares during the period. Alliancebernstein L.P. raised its holdings in shares of The Cheesecake Factory by 28.3% during the 1st quarter. Alliancebernstein L.P. now owns 100,178 shares of the restaurant operator’s stock worth $6,347,000 after acquiring an additional 22,090 shares during the period. United Services Automobile Association purchased a new position in shares of The Cheesecake Factory during the 1st quarter worth $809,000. OppenheimerFunds Inc. raised its holdings in shares of The Cheesecake Factory by 34.1% during the 1st quarter. OppenheimerFunds Inc. now owns 9,995 shares of the restaurant operator’s stock worth $634,000 after acquiring an additional 2,541 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of The Cheesecake Factory by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 211,868 shares of the restaurant operator’s stock worth $13,423,000 after acquiring an additional 6,096 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

CAKE has been the topic of several analyst reports. BidaskClub lowered The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Nomura reduced their price target on The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Wedbush initiated coverage on The Cheesecake Factory in a report on Monday, July 10th. They set an “outperform” rating and a $57.00 price target on the stock. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price target on shares of The Cheesecake Factory in a report on Thursday, September 7th. Finally, Maxim Group reiterated a “buy” rating and set a $57.00 price target (down previously from $65.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.24.

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) opened at 43.22 on Wednesday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 15.12 and a beta of 0.32. The firm has a 50-day moving average price of $41.11 and a 200 day moving average price of $51.23. The Cheesecake Factory Incorporated has a 12-month low of $38.34 and a 12-month high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 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 company had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Cheesecake Factory Incorporated will post $2.65 earnings per share for the current fiscal year.

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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)

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