Insiders Don’t Lie: Is Cheesecake Factory Inc (NASDAQ:CAKE) Stock a Sell after Debby Zurzolo’s Insider Trading?

November 23, 2016 - By Richard Conner

Insiders Don't Lie: Is Cheesecake Factory Inc (NASDAQ:CAKE) Stock a Sell after Debby Zurzolo's Insider Trading?

Debby Zurzolo Insider Sell

Debby Zurzolo, an insider and also Exec VP – Gen Counsel & Secy of the leading company Cheesecake Factory Inc made sell. She sold 600 shares of the corporation with the deal having a market value of $35,400 US Dollars – totalled based on $59.0 per share. She also unloaded 4,400 shares with value $251,158 USD in the last month. Mr. Debby now has 40,221 shares, accounting for 0.09% of Cheesecake Factory Inc’s market capitalization.

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 -2.00% below today’s ($59.48) stock price. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Buy” rating by Maxim Group on Thursday, October 27. BTIG Research upgraded the stock to “Buy” rating in Tuesday, October 27 report. On Tuesday, October 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. Telsey Advisory Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, September 29. Telsey Advisory Group has “Market Perform” rating and $60 price target. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, July 23 with “Buy” rating. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Hold” rating by Wunderlich on Thursday, July 23. On Tuesday, July 26 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The stock has “Hold” rating given by Maxim Group on Tuesday, November 15. On Tuesday, February 9 the stock rating was initiated by Maxim Group with “Buy”. The firm has “Market Perform” rating by Telsey Advisory Group given on Tuesday, October 27.

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. 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.

Victory Cap Management Incorporated holds 2,191 shares or 0% of its portfolio. Huntington State Bank accumulated 0% or 1,215 shares. Rice Hall James Assocs Limited last reported 0.75% of its portfolio in the stock. Analytic Ltd Liability Com last reported 47,971 shares in the company. Jpmorgan Chase Company has invested 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Cim Mangement accumulated 4,227 shares or 0.08% of the stock. Millennium Mngmt Limited Liability owns 265,940 shares or 0.03% of their US portfolio. Nordea Invest Mngmt Ab has invested 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). The Pennsylvania-based Nationwide Fund has invested 0.02% in Cheesecake Factory Inc (NASDAQ:CAKE). Fdx Advisors Inc owns 11,781 shares or 0.03% of their US portfolio. Bancorp Of Montreal Can owns 4,469 shares or 0% of their US portfolio. Shell Asset Mgmt last reported 17,233 shares in the company. Moreover, Johnson Finance Gp Incorporated has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 560 shares. Moreover, Blackrock Fund Advisors has 0.02% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 2.25M shares. The Maryland-based Campbell Co Investment Adviser Ltd Co has invested 2.14% in Cheesecake Factory Inc (NASDAQ:CAKE).

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 7 sales for $8.50 million net activity. ZURZOLO DEBBY R sold $251,158 worth of stock or 4,400 shares. BYFUGLIN MAX S also sold $699,020 worth of Cheesecake Factory Inc (NASDAQ:CAKE) shares. Another trade for 6,512 shares valued at $345,135 was sold by BENN DOUG. KRANSDORF JEROME I sold $427,403 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, November 17. SLOMANN CHERYL sold $57,127 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, November 17. 109,539 Cheesecake Factory Inc (NASDAQ:CAKE) shares with value of $6.32M were sold by OVERTON DAVID.

The stock increased 1.68% or $0.98 during the last trading session, hitting $59.48. About 828,150 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 15.93% since April 20, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.85 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 22.04 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.”

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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