Today’s Price Action: Cheesecake Factory Inc Can’t Burn Your Long Portfolio. Has Another Strong Session

Today's Price Action: Cheesecake Factory Inc Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Cheesecake Factory Inc (NASDAQ:CAKE) is a huge mover today! About 418,549 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 15.57% since April 28, 2016 and is uptrending. It has outperformed by 9.64% the S&P500.
The move comes after 5 months positive chart setup for the $2.89 billion company. It was reported on Dec, 1 by Barchart.com. We have $64.53 PT which if reached, will make NASDAQ:CAKE worth $173.40M more.

Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on February, 21. They expect $0.67 earnings per share, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.80M for 22.72 P/E if the $0.67 EPS becomes a reality. After $0.70 actual earnings per share reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Out of 10 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the shares of CAKE in a report on Tuesday, July 26 to “Sell” rating. The company was initiated on Tuesday, February 9 by Maxim Group. Wunderlich maintained the shares of CAKE in a report on Thursday, July 23 with “Hold” rating. As per Wednesday, November 16, the company rating was downgraded by Stephens. The firm has “Market Perform” rating given on Tuesday, September 29 by Telsey Advisory Group. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Buy” rating by BTIG Research on Tuesday, October 27. Maxim Group downgraded Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, November 15. Maxim Group has “Hold” rating and $59 price target. Maxim Group maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, October 27 with “Buy” rating. Telsey Advisory Group upgraded the shares of CAKE in a report on Wednesday, November 9 to “Outperform” rating. Telsey Advisory Group maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, October 27. Telsey Advisory Group has “Market Perform” rating and $55 price target.

According to Zacks Investment Research, “The Cheesecake Factory operates many upscale, high volume, casual dining restaurants. They offer over 200 menu items including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, salads, sandwiches, omelets and signature desserts including over 40 varieties of cheesecake.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio is negative, as 25 funds sold all Cheesecake Factory Inc shares owned while 82 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 41.87 million shares or 2.30% less from 42.86 million shares in 2016Q1.
Shell Asset Mgmt has invested 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Secor Cap Advsr Limited Partnership last reported 0.4% of its portfolio in the stock. Gsa Capital Ptnrs Limited Liability Partnership last reported 47,851 shares in the company. Moreover, Sg Americas Secs Ltd Liability Com has 0.02% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 65,836 shares. Amalgamated Comml Bank reported 5,473 shares or 0.02% of all its holdings. Blackrock Institutional Tru Company Na reported 1.61M shares or 0.01% of all its holdings. Bnp Paribas has invested 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Disciplined Growth Inc Mn owns 1.03M shares or 1.25% of their US portfolio. Gamco Et Al, a New York-based fund reported 889,465 shares. Moreover, Morgan Stanley has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 188,546 shares. Qs Invsts Ltd Limited Liability Company holds 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 2,035 shares. Dekabank Deutsche Girozentrale last reported 82,700 shares in the company. Gabelli Funds Limited Co last reported 0.14% of its portfolio in the stock. State Treasurer State Of Michigan, a Michigan-based fund reported 17,899 shares. Parametric Portfolio Assocs Lc has 71,715 shares for 0.01% of their US portfolio.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 10 selling transactions for $9.48 million net activity. KRANSDORF JEROME I also sold $427,403 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, November 17. 1,000 shares with value of $59,379 were sold by SLOMANN CHERYL on Tuesday, November 29. 4,400 Cheesecake Factory Inc (NASDAQ:CAKE) shares with value of $251,158 were sold by ZURZOLO DEBBY R. BENN DOUG also sold $345,135 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Friday, July 22. OVERTON DAVID had sold 109,539 shares worth $6.32 million on Friday, November 18. Gordon David M sold $889,506 worth of stock.

More news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Businesswire.com, which released: “The Cheesecake Factory to Present at the Barclays Eat, Sleep, Play – It’s Not …” on November 22, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” and published on November 03, 2016 is yet another important article.

CAKE Company Profile

The Cheesecake Factory Incorporated, incorporated on February 13, 1992, is engaged in the restaurant and bakery business. The Firm 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 divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers.

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