The Cheesecake Factory Incorporated (CAKE) Holdings Raised by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 31.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,549 shares of the restaurant operator’s stock after purchasing an additional 16,452 shares during the period. Gotham Asset Management LLC owned approximately 0.15% of The Cheesecake Factory worth $3,498,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares in the last quarter. Riverhead Capital Management LLC increased its stake in The Cheesecake Factory by 105.5% in the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares in the last quarter. LS Investment Advisors LLC increased its stake in The Cheesecake Factory by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after purchasing an additional 615 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in The Cheesecake Factory by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in The Cheesecake Factory by 7.1% in the second quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock valued at $243,000 after purchasing an additional 320 shares in the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

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The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The Cheesecake Factory’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS.

Several equities research analysts have commented on the stock. Argus downgraded shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $60.00 target price on shares of The Cheesecake Factory in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of The Cheesecake Factory from $56.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday, June 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $65.00 target price on shares of The Cheesecake Factory in a research note on Wednesday, July 26th. Finally, Wedbush reaffirmed a “buy” rating on shares of The Cheesecake Factory in a research note on Thursday, July 13th. 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.

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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