Cheesecake Factory Incorporated (NASDAQ:CAKE) on Focus After Report of Less Shorts

September 17, 2017 - By Peter Erickson

 Cheesecake Factory Incorporated (NASDAQ:CAKE) on Focus After Report of Less Shorts

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.08, from 1.01 in 2016Q3. It is positive, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.
Natl Bank Of Montreal Can has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 4,469 shares. Ridgeworth Management reported 10,219 shares. 83,283 are held by Epoch. Dimensional Fund Advisors Lp stated it has 1.22 million shares or 0.04% of all its holdings. Highbridge Cap Mgmt Ltd Liability Corporation has 12,555 shares. Moreover, Schroder Investment Management Group has 0.07% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Citigroup holds 59,082 shares or 0% of its portfolio. Arizona State Retirement System reported 16,987 shares stake. Johnson Fincl Gp owns 560 shares. Nationwide Fund owns 101,302 shares for 0.03% of their portfolio. Fmr Ltd Liability Co stated it has 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Cornerstone Mngmt Limited Liability Corporation holds 0.01% in Cheesecake Factory Inc (NASDAQ:CAKE) or 13,500 shares. Rhumbline Advisers accumulated 114,308 shares. Fdx Advsrs stated it has 0.04% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Jacobs Levy Equity Mgmt Incorporated has invested 0.08% in Cheesecake Factory Inc (NASDAQ:CAKE).

Since March 16, 2017, it had 1 insider purchase, and 3 sales for $813,447 activity. PITTAWAY DAVID BRUCE also bought $23,288 worth of Cheesecake Factory Inc (NASDAQ:CAKE) shares.

The stock of Cheesecake Factory Incorporated (NASDAQ:CAKE) registered a decrease of 0.35% in short interest. CAKE’s total short interest was 9.84M shares in September as published by FINRA. Its down 0.35% from 9.87M shares, reported previously. With 1.07M shares average volume, it will take short sellers 9 days to cover their CAKE’s short positions. The short interest to Cheesecake Factory Incorporated’s float is 23.25%.

The stock increased 1.29% or $0.52 on September 15, reaching $40.75. About 1.57 million shares traded or 18.94% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 17, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $1.92 billion. 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. It has a 14.27 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 16 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. The Cheesecake Factory Incorporated had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Jefferies to “Underperform” on Wednesday, January 4. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, February 23. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, October 27. Stifel Nicolaus has “Buy” rating and $65 target. Jefferies upgraded it to “Hold” rating and $5200 target in Tuesday, June 13 report. The rating was maintained by Barclays Capital on Thursday, August 3 with “Equal-Weight”. Nomura initiated Cheesecake Factory Inc (NASDAQ:CAKE) on Wednesday, July 12 with “Hold” rating. Argus Research upgraded the stock to “Buy” rating in Tuesday, November 15 report. On Tuesday, November 15 the stock rating was downgraded by Maxim Group to “Hold”. Telsey Advisory Group maintained it with “Market Perform” rating and $55 target in Tuesday, October 27 report. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Buy” rating by Piper Jaffray on Monday, July 24.

More notable recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Fool.com which released: “Why The Cheesecake Factory’s Stock Lost 13% in August” on September 08, 2017, also Streetinsider.com with their article: “Form 8-K CHEESECAKE FACTORY INC For: Sep 12” published on September 12, 2017, Fortune.com published: “The Cheesecake Factory” on September 15, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Providencejournal.com and their article: “Ex-dishwasher sues Cheesecake Factory, alleging sexual harassment” published on August 23, 2017 as well as Bloomberg.com‘s news article titled: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” with publication date: June 13, 2017.

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