Bamco Inc. NY increased its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 30.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 650,000 shares of the restaurant operator’s stock after purchasing an additional 150,000 shares during the period. Bamco Inc. NY owned approximately 1.41% of The Cheesecake Factory worth $32,695,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of The Cheesecake Factory by 21,381.3% during the first quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock worth $306,812,000 after buying an additional 4,819,766 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of The Cheesecake Factory by 3.6% during the second quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock worth $209,847,000 after buying an additional 146,756 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of The Cheesecake Factory by 3.9% during the first quarter. Wellington Management Group LLP now owns 1,846,350 shares of the restaurant operator’s stock worth $116,985,000 after buying an additional 69,832 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of The Cheesecake Factory by 11.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock worth $79,866,000 after buying an additional 161,779 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of The Cheesecake Factory by 1.8% during the first quarter. State Street Corp now owns 1,463,175 shares of the restaurant operator’s stock worth $92,709,000 after buying an additional 26,076 shares in the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages recently weighed in on CAKE. BidaskClub lowered shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Canaccord Genuity reissued a “hold” rating and issued a $60.00 price target on shares of The Cheesecake Factory in a report on Friday, June 16th. Instinet began coverage on shares of The Cheesecake Factory in a report on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price target for the company. Barclays PLC reissued an “equal weight” rating and issued a $48.00 price target (down previously from $53.00) on shares of The Cheesecake Factory in a report on Thursday, August 3rd. Finally, Robert W. Baird set a $49.00 price target on shares of The Cheesecake Factory and gave the company a “hold” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.41.

Shares of The Cheesecake Factory Incorporated (CAKE) traded up 0.45% during midday trading on Friday, hitting $42.12. 976,206 shares of the company were exchanged. The Cheesecake Factory Incorporated has a one year low of $38.34 and a one year high of $67.14. The firm’s 50 day moving average price is $42.34 and its 200 day moving average price is $53.85. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 14.88 and a beta of 0.34.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million for 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 revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts forecast that The Cheesecake Factory Incorporated will post $2.66 EPS for the current fiscal year.

The Cheesecake Factory 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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