November 30, 2016 - By Richard Conner
Unloading amounting to around $59,379 USD was made public in a public form submitted to the DC-based SEC on 29/11/2016. According to which, Cheryl Slomann, the Principal Accounting Officer of Cheesecake Factory Inc also an insider of the public company had unloaded exactly 1,000 shares – ( at $59.4 of a share ). She also sold 1,000 shares that are worth $57,127 USD in the last 30 days. Cheryl Slomann today has ownership of 11,602 shares which are equivalent to roughly 0.03% of the California-based company’s total market cap.
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 -1.54% below today’s ($59.2) stock price. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, July 23 with “Buy” rating. As per Thursday, October 27, the company rating was maintained by Maxim Group. The rating was initiated by Maxim Group on Tuesday, February 9 with “Buy”. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Outperform” rating by Telsey Advisory Group on Wednesday, November 9. The rating was downgraded by Stephens to “Equal-Weight” on Wednesday, November 16. The firm has “Hold” rating given on Tuesday, November 15 by Maxim Group. The firm has “Buy” rating given on Tuesday, November 15 by Argus Research. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Sell” rating by Stifel Nicolaus on Tuesday, July 26. On Tuesday, October 27 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. As per Thursday, July 23, the company rating was maintained by Wunderlich.
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio dived, 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.
Systematic Fincl Mgmt Ltd Partnership has invested 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Moreover, Principal Financial Group Inc Inc has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 170,643 shares. California State Teachers Retirement reported 95,288 shares or 0.01% of all its holdings. Princeton Alpha Mngmt L P has 21,014 shares for 0.18% of their US portfolio. Everpoint Asset Mngmt Limited Liability Corporation has invested 0.16% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Mutual Of America Cap Mgmt Limited Co holds 0.03% or 33,102 shares in its portfolio. State Teachers Retirement System accumulated 0.01% or 93,154 shares. Ranger Inv Mgmt L P, a Texas-based fund reported 56,110 shares. Proshare Advisors Lc has 0.01% invested in the company for 9,503 shares. Blackrock Grp last reported 42,364 shares in the company. Magnetar Ltd Liability Corp has 0.01% invested in the company for 7,173 shares. Wellington Mgmt Llp has 1.56 million shares for 0.02% of their US portfolio. Macquarie Gp has 0.1% invested in the company for 1.08 million shares. Analytic Investors Ltd Liability Company has invested 0.03% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Cipher Limited Partnership owns 76,813 shares or 0.26% of their US portfolio.
Insider Transactions: Since July 22, 2016, the stock had 0 insider purchases, and 9 insider sales for $9.42 million net activity. 1,000 Cheesecake Factory Inc (NASDAQ:CAKE) shares with value of $57,127 were sold by SLOMANN CHERYL. ZURZOLO DEBBY R had sold 4,400 shares worth $251,158. The insider OVERTON DAVID sold 109,539 shares worth $6.32M. $376,680 worth of Cheesecake Factory Inc (NASDAQ:CAKE) was sold by BENN DOUG on Monday, November 14. 7,500 shares with value of $427,403 were sold by KRANSDORF JEROME I on Thursday, November 17. On Tuesday, November 22 Gordon David M sold $889,506 worth of the stock or 15,000 shares.
About 973,313 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 14.86% since April 26, 2016 and is uptrending. It has outperformed by 9.60% the S&P500.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.77 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 21.91 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 $31.35 million for 22.09 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: Businesswire.com, which released: “The Cheesecake Factory to Present at the Barclays Eat, Sleep, Play â€“ 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.
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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