Prudential Financial Inc. lifted its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,389 shares of the restaurant operator’s stock after acquiring an additional 256 shares during the quarter. Prudential Financial Inc. owned 0.07% of The Cheesecake Factory worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of The Cheesecake Factory by 15.5% in the 1st quarter. Nordea Investment Management AB now owns 25,505 shares of the restaurant operator’s stock valued at $1,616,000 after purchasing an additional 3,419 shares in the last quarter. Hendershot Investments Inc. grew its holdings in shares of The Cheesecake Factory by 4.3% during the 2nd quarter. Hendershot Investments Inc. now owns 69,805 shares of the restaurant operator’s stock valued at $3,511,000 after purchasing an additional 2,865 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of The Cheesecake Factory during the 1st quarter valued at $1,644,000. PNC Financial Services Group Inc. grew its holdings in shares of The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of The Cheesecake Factory during the 2nd quarter valued at $330,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Shares of The Cheesecake Factory Incorporated (CAKE) opened at 42.12 on Monday. The company has a 50-day moving average of $42.34 and a 200 day moving average of $53.85. The Cheesecake Factory Incorporated has a 12-month low of $38.34 and a 12-month high of $67.14. The company has a market cap of $1.93 billion, a PE ratio of 14.73 and a beta of 0.32.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The firm had revenue of $569.87 million for the quarter, compared to analysts’ expectations of $573.12 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that The Cheesecake Factory Incorporated will post $2.66 EPS for the current year.

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CAKE has been the topic of a number of analyst reports. Telsey Advisory Group decreased their target price on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 14th. TheStreet lowered shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut their price target on shares of The Cheesecake Factory from $56.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, June 21st. Nomura assumed coverage on The Cheesecake Factory in a research note on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Finally, Instinet assumed coverage on The Cheesecake Factory in a research note on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.41.

The Cheesecake Factory Company 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.

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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