Insider Market Move: Why David Gordon Unloaded 15,000 Shares of Cheesecake Factory Inc (NASDAQ:CAKE)?

November 23, 2016 - By whatsonthorold

Insider Market Move: Why David Gordon Unloaded 15,000 Shares of Cheesecake Factory Inc (NASDAQ:CAKE)?

David Gordon Insider Sell

Yesterday, the President of Cheesecake Factory Inc, Mr. David Gordon, sold amount of shares – 15,000, amounting to $889,506 U.S. Dollars, based on a market stock price of $59.3 per each share. At present, he has ownership of 20,800 shares or 0.05% of the Company’s market cap (share price times the number of shares outstanding). This deal, which was filled on November 23, 2016 was disclosed in a filing with the U.S. Security & Exchange Commission.

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. $70 is the highest target while $52 is the lowest. The $58.29 average target is -2.72% below today’s ($59.92) stock price. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was upgraded by Telsey Advisory Group. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Hold” rating given on Tuesday, November 15 by Maxim Group. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Hold” rating given on Thursday, July 23 by Wunderlich. The firm has “Buy” rating given on Thursday, July 23 by Stifel Nicolaus. The company was upgraded on Tuesday, November 15 by Argus Research. The firm has “Equal-Weight” rating given on Wednesday, November 16 by Stephens. On Thursday, October 27 the stock rating was maintained by Maxim Group with “Buy”. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Sell” rating by Stifel Nicolaus on Tuesday, July 26. Maxim Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, February 9 with “Buy” rating. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, October 27. Stifel Nicolaus has “Buy” rating and $65 price target.

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio worsened, 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.

Lba Wealth Ltd last reported 0% of its portfolio in the stock. Comerica State Bank, a Michigan-based fund reported 24,119 shares. Netols Asset Mngmt accumulated 92,272 shares or 1% of the stock. Boothbay Fund Mgmt Ltd Limited Liability Company has invested 0.37% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Commonwealth Equity accumulated 0% or 6,553 shares. Cs Mckee Ltd Partnership holds 0.07% or 32,850 shares in its portfolio. The North Carolina-based Ncm Cap Advisers has invested 1.27% in Cheesecake Factory Inc (NASDAQ:CAKE). Nuveen Asset Mgmt Limited holds 0.01% or 20,063 shares in its portfolio. Morgan Stanley last reported 188,546 shares in the company. Ranger Invest Management L P has invested 0.17% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Proshare Advsr Limited Liability Corp has 9,503 shares for 0.01% of their US portfolio. Legal General Grp Public Llc reported 11,970 shares or 0% of all its holdings. Washington Natl Bank accumulated 0% or 71 shares. Ny State Common Retirement Fund holds 0% or 61,123 shares in its portfolio. Envestnet Asset Management holds 0% or 17,047 shares in its portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 8 sales for $8.53 million net activity. BENN DOUG sold $376,680 worth of stock or 6,494 shares. On Thursday, November 17 KRANSDORF JEROME I sold $427,403 worth of the stock or 7,500 shares. OVERTON DAVID sold $6.32 million worth of stock. ZURZOLO DEBBY R had sold 4,400 shares worth $251,158 on Thursday, November 17. Shares for $699,020 were sold by BYFUGLIN MAX S on Friday, May 27. $57,127 worth of Cheesecake Factory Inc (NASDAQ:CAKE) was sold by SLOMANN CHERYL on Thursday, November 17.

About 238,736 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 18.02% since April 21, 2016 and is uptrending. It has outperformed by 12.69% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.89 billion. 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. It has a 22.21 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.

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.”

Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on February, 21. They expect $0.67 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $32.31 million for 22.36 P/E if the $0.67 EPS becomes a reality. After $0.70 actual EPS reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.

More news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” on November 03, 2016. Wsj.com‘s article titled: “Cheesecake Factory Posts Higher Profit” and published on April 28, 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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