Cheesecake Factory Inc (NASDAQ:CAKE) Quarterly Sentiment Change Report

October 13, 2017 - By Maria Brooks

 Cheesecake Factory Inc (NASDAQ:CAKE) Quarterly Sentiment Change Report

Sentiment for Cheesecake Factory Inc (NASDAQ:CAKE)

Cheesecake Factory Inc (NASDAQ:CAKE) institutional sentiment increased to 1.28 in Q2 2017. Its up 0.18, from 1.1 in 2017Q1. The ratio is better, as 148 hedge funds increased and opened new holdings, while 116 decreased and sold their stakes in Cheesecake Factory Inc. The hedge funds in our partner’s database now hold: 44.64 million shares, down from 45.15 million shares in 2017Q1. Also, the number of hedge funds holding Cheesecake Factory Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 40 Reduced: 76 Increased: 102 New Position: 46.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $2.00 billion. 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. It has a 14.9 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

About 210,975 shares traded. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since October 13, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

Investors wait Cheesecake Factory Inc (NASDAQ:CAKE) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.61 earnings per share, down $0.09 or 12.86 % from last year’s $0.7 same quarter earnings. This translates into $28.64 million profit for CAKE giving the stock a 17.46 P/E. This is assuming the current $0.61 EPS is accurate. Cheesecake Factory Inc’s Wall Street analysts see -21.79 % negative EPS growth, taking into account the $0.78 EPS reproted in the previous quarter,

Crystal Rock Capital Management holds 2.02% of its portfolio in Cheesecake Factory Inc for 62,152 shares. Long Road Investment Counsel Llc owns 47,079 shares or 1.74% of their US portfolio. Moreover, Hendershot Investments Inc. has 1.58% invested in the company for 69,805 shares. The Virginia-based Outfitter Advisors Ltd. has invested 1.09% in the stock. Trust Investment Advisors, a Indiana-based fund reported 20,215 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 2 insider sales for $711,223 activity.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Ratings analysis reveals 25% of The Cheesecake Factory Incorporated’s analysts are positive. Out of 16 Wall Street analysts rating The Cheesecake Factory Incorporated, 4 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $44 while the high is $70. The stock’s average target of $53.54 is 25.80% above today’s ($42.56) share price. CAKE was included in 45 notes of analysts from July 24, 2015. The rating was maintained by Stifel Nicolaus on Tuesday, October 27 with “Buy”. Stephens maintained Cheesecake Factory Inc (NASDAQ:CAKE) on Wednesday, October 11 with “Equal-Weight” rating. The company was maintained on Monday, July 24 by Piper Jaffray. Maxim Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, February 9. Maxim Group has “Buy” rating and $57 target. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Buy” rating given on Tuesday, September 12 by Maxim Group. The stock has “Buy” rating by Maxim Group on Wednesday, June 14. The rating was maintained by Barclays Capital on Thursday, August 3 with “Equal-Weight”. Maxim Group maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, October 27. Maxim Group has “Buy” rating and $59 target. As per Tuesday, October 10, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Sell” rating in Friday, June 2 report.

More news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Marketwatch.com, which released: “Cheesecake Factory, Shake Shack downgraded as shopper traffic and delivery …” on September 26, 2017. Latimes.com‘s article titled: “Americans still love eating out. So why are restaurants like Chili’s, BJ’s and …” and published on September 18, 2017 is yet another important article.

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