Cheesecake Factory Inc (CAKE) : Hs Management Partners reduced its stake in Cheesecake Factory Inc by 34.11% during the most recent quarter end. The investment management company now holds a total of 1,304,953 shares of Cheesecake Factory Inc which is valued at $64.6 Million after selling 675,575 shares in Cheesecake Factory Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Cheesecake Factory Inc makes up approximately 2.68% of Hs Management Partners’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc reduced its stake in CAKE by selling 5,791 shares or 30.18% in the most recent quarter. The Hedge Fund company now holds 13,395 shares of CAKE which is valued at $663,588. Cheesecake Factory Inc makes up approx 0.04% of Clinton Group Inc’s portfolio.Mutual Of America Capital Management boosted its stake in CAKE in the latest quarter, The investment management firm added 2,664 additional shares and now holds a total of 32,307 shares of Cheesecake Factory Inc which is valued at $1.6 Million. Cheesecake Factory Inc makes up approx 0.04% of Mutual Of America Capital Management’s portfolio. Gideon Capital Advisors sold out all of its stake in CAKE during the most recent quarter. The investment firm sold 5,560 shares of CAKE which is valued $275,442.Bruderman Asset Management reduced its stake in CAKE by selling 95 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 3,416 shares of CAKE which is valued at $169,229. Cheesecake Factory Inc makes up approx 0.06% of Bruderman Asset Management’s portfolio.State Treasurer State Of Michigan boosted its stake in CAKE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 17,999 shares of Cheesecake Factory Inc which is valued at $913,809. Cheesecake Factory Inc makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.
Cheesecake Factory Inc closed down -0.13 points or -0.26% at $49.38 with 6,24,551 shares getting traded on Wednesday. Post opening the session at $49.48, the shares hit an intraday low of $48.9 and an intraday high of $49.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Cheesecake Factory Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $553.69 million for the quarter, compared to analysts expectations of $555.08 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Cheesecake Factory Inc. Company shares were Reiterated by Telsey Advisory Group on Feb 17, 2016 to “Market Perform”, Firm has raised the Price Target to $ 56 from a previous price target of $55 .
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.