What’s Next for Cheesecake Factory Incorporated (NASDAQ:CAKE) After Having Less Shares Shorted?

September 17, 2017 - By Marie Mckinney

 What's Next for Cheesecake Factory Incorporated (NASDAQ:CAKE) After Having Less Shares Shorted?

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.08, from 1.01 in 2016Q3. It is positive, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.
Ridgeworth Mgmt Limited Liability accumulated 10,219 shares. Vanguard Gp holds 0.01% or 3.81 million shares. Dimensional Fund Advisors Limited Partnership invested in 1.22M shares. Bryn Mawr reported 0.01% in Cheesecake Factory Inc (NASDAQ:CAKE). Blackrock Inv Mgmt Limited Liability reported 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Da Davidson And invested in 0% or 1,142 shares. Blackrock Advsr Lc stated it has 175,619 shares. Prudential Financial Incorporated invested in 27,929 shares. Oakworth Inc invested 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Fifth Third Bancshares reported 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Scout holds 418,615 shares. Nuveen Asset Management Limited Com has invested 0.01% in Cheesecake Factory Inc (NASDAQ:CAKE). Kbc Grp Inc Nv holds 20,797 shares. Creative Planning holds 381 shares. 15,431 were reported by Oregon Employees Retirement Fund.

Since March 16, 2017, it had 1 insider purchase, and 3 sales for $813,447 activity. ZURZOLO DEBBY R sold $102,224 worth of stock. $23,288 worth of Cheesecake Factory Inc (NASDAQ:CAKE) was bought by PITTAWAY DAVID BRUCE.

The stock of Cheesecake Factory Incorporated (NASDAQ:CAKE) registered a decrease of 0.35% in short interest. CAKE’s total short interest was 9.84M shares in September as published by FINRA. Its down 0.35% from 9.87 million shares, reported previously. With 1.07 million shares average volume, it will take short sellers 9 days to cover their CAKE’s short positions. The short interest to Cheesecake Factory Incorporated’s float is 23.25%.

The stock increased 1.29% or $0.52 on September 15, reaching $40.75. About 1.57 million shares traded or 18.94% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 17, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $1.92 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 14.27 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 16 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. The Cheesecake Factory Incorporated had 42 analyst reports since July 24, 2015 according to SRatingsIntel. Telsey Advisory Group initiated the stock with “Market Perform” rating in Tuesday, September 29 report. The rating was maintained by Piper Jaffray with “Buy” on Thursday, August 3. As per Wednesday, June 14, the company rating was maintained by Oppenheimer. The rating was maintained by Nomura on Thursday, August 3 with “Neutral”. Barclays Capital maintained the shares of CAKE in report on Thursday, August 3 with “Equal-Weight” rating. The firm earned “Buy” rating on Tuesday, November 15 by Argus Research. The firm earned “Hold” rating on Wednesday, September 6 by Robert W. Baird. Maxim Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, February 9 with “Buy” rating. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, June 14. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Equal-Weight” rating given on Wednesday, November 16 by Stephens.

More notable recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Streetinsider.com which released: “Form 8-K CHEESECAKE FACTORY INC For: Sep 12” on September 12, 2017, also Bloomberg.com with their article: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” published on June 13, 2017, Providencejournal.com published: “Ex-dishwasher sues Cheesecake Factory, alleging sexual harassment” on August 23, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Fortune.com and their article: “The Cheesecake Factory” published on September 15, 2017 as well as Fool.com‘s news article titled: “Why The Cheesecake Factory’s Stock Lost 13% in August” with publication date: September 08, 2017.

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