Trust Investment Advisors Lowers stake in Cheesecake Factory Inc (CAKE)

Cheesecake Factory Inc (CAKE) : Trust Investment Advisors reduced its stake in Cheesecake Factory Inc by 5.72% during the most recent quarter end. The investment management company now holds a total of 24,165 shares of Cheesecake Factory Inc which is valued at $1,243,289 after selling 1,465 shares in Cheesecake Factory Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Cheesecake Factory Inc makes up approximately 1.38% of Trust Investment Advisors’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in CAKE by selling 2,400 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 112,500 shares of CAKE which is valued at $5,713,875. Cheesecake Factory Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Ngam Advisors boosted its stake in CAKE in the latest quarter, The investment management firm added 1,793 additional shares and now holds a total of 13,812 shares of Cheesecake Factory Inc which is valued at $701,511. Cheesecake Factory Inc makes up approx 0.01% of Ngam Advisors’s portfolio.Signaturefd boosted its stake in CAKE in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 275 shares of Cheesecake Factory Inc which is valued at $14,226.

Cheesecake Factory Inc opened for trading at $51.39 and hit $52.17 on the upside on Monday, eventually ending the session at $52.04, with a gain of 1.82% or 0.93 points. The heightened volatility saw the trading volume jump to 8,62,788 shares. Company has a market cap of $2,502 M.

On the company’s financial health, Cheesecake Factory Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $558.86 million for the quarter, compared to analysts expectations of $563.38 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Cheesecake Factory Inc. Shares were Downgraded by Stifel on Jul 26, 2016 to ” Sell” and Lowered the Price Target to $ 43 from a previous price target of $65 .

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities which produce desserts for its restaurants international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand The Dream Factory brand The Cheesecake Factory Bakery brand and other private labels.

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