Cheesecake Factory Inc (NASDAQ:CAKE) Stock Price Down as Sentiment Worsens

October 2, 2018 - By olga

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Logo

Sentiment for Cheesecake Factory Inc (NASDAQ:CAKE)

Cheesecake Factory Inc (NASDAQ:CAKE) institutional sentiment decreased to 0.96 in Q2 2018. Its down -0.14, from 1.1 in 2018Q1. The ratio dived, as 108 institutional investors increased or started new positions, while 112 sold and trimmed stakes in Cheesecake Factory Inc. The institutional investors in our partner’s database now hold: 47.41 million shares, up from 46.52 million shares in 2018Q1. Also, the number of institutional investors holding Cheesecake Factory Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 23 Reduced: 89 Increased: 79 New Position: 29.

The Cheesecake Factory Incorporated operates restaurants primarily in the United States. The company has market cap of $2.30 billion. The firm also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. It has a 17.68 P/E ratio. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 currently under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements.

The stock decreased 0.65% or $0.34 during the last trading session, reaching $52.15. About 27,362 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has risen 33.22% since October 2, 2017 and is uptrending. It has outperformed by 17.60% the S&P500.

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on November, 7. They expect $0.58 EPS, up 3.57 % or $0.02 from last year’s $0.56 per share. CAKE’s profit will be $25.58M for 22.48 P/E if the $0.58 EPS becomes a reality. After $0.65 actual EPS reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts -10.77 % negative EPS growth.

Snow Capital Management Lp holds 2.89% of its portfolio in The Cheesecake Factory Incorporated for 1.14 million shares. Intrepid Capital Management Inc owns 131,630 shares or 2.5% of their US portfolio. Moreover, Crystal Rock Capital Management has 2.08% invested in the company for 53,077 shares. The Michigan-based Long Road Investment Counsel Llc has invested 1.81% in the stock. Birch Run Capital Advisors Lp, a New York-based fund reported 66,000 shares.

Since January 1, 0001, it had 2 insider purchases, and 7 insider sales for $6.64 million activity.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Ratings Coverage

Ratings analysis reveals 0 of Cheesecake Factory’s analysts are positive. Out of 9 Wall Street analysts rating Cheesecake Factory, 0 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $50 while the high is $60. The stock’s average target of $54.07 is 3.68% above today’s ($52.15) share price. CAKE was included in 14 notes of analysts from April 19, 2018. The stock of The Cheesecake Factory Incorporated (NASDAQ:CAKE) earned “Hold” rating by Maxim Group on Friday, June 22. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, August 1. Bank of America maintained it with “Neutral” rating and $60 target in Tuesday, July 24 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, April 26. The stock of The Cheesecake Factory Incorporated (NASDAQ:CAKE) has “Hold” rating given on Wednesday, April 25 by Jefferies. The firm has “Neutral” rating by Wedbush given on Thursday, April 26. The stock of The Cheesecake Factory Incorporated (NASDAQ:CAKE) earned “Equal-Weight” rating by Barclays Capital on Wednesday, July 18. The stock of The Cheesecake Factory Incorporated (NASDAQ:CAKE) has “Neutral” rating given on Wednesday, July 25 by Robert W. Baird. Bank of America maintained the shares of CAKE in report on Thursday, June 14 with “Neutral” rating. Bank of America maintained it with “Neutral” rating and $57 target in Wednesday, August 1 report.

More news for The Cheesecake Factory Incorporated (NASDAQ:CAKE) were recently published by: Seekingalpha.com, which released: “Cheesecake Factory Needs To Cool Off” on September 24, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Ethan Allen Interiors, Church & Dwight Co., NGL Energy Partners LP, Anworth …” and published on October 02, 2018 is yet another important article.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>