Cheesecake Factory Inc (CAKE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,559 shares of the restaurant operator’s stock after selling 2,840 shares during the period. Mutual of America Capital Management LLC’s holdings in Cheesecake Factory were worth $1,617,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Cheesecake Factory by 8.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock worth $3,137,000 after buying an additional 5,938 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Cheesecake Factory by 7.5% in the 3rd quarter. Macquarie Group Ltd. now owns 1,453,386 shares of the restaurant operator’s stock worth $61,216,000 after purchasing an additional 101,513 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Cheesecake Factory by 33.4% in the 3rd quarter. Stifel Financial Corp now owns 79,701 shares of the restaurant operator’s stock worth $3,352,000 after purchasing an additional 19,944 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Cheesecake Factory by 177.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 60,702 shares of the restaurant operator’s stock worth $2,557,000 after purchasing an additional 38,800 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cheesecake Factory by 473.2% in the 3rd quarter. Victory Capital Management Inc. now owns 18,433 shares of the restaurant operator’s stock worth $776,000 after purchasing an additional 15,217 shares during the last quarter. 98.71% of the stock is currently owned by institutional investors.

Shares of Cheesecake Factory Inc (CAKE) opened at $46.37 on Thursday. Cheesecake Factory Inc has a 1 year low of $38.34 and a 1 year high of $67.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. The company has a market capitalization of $2,120.00, a P/E ratio of 17.11, a P/E/G ratio of 1.15 and a beta of 0.33.

CAKE has been the topic of several recent research reports. Nomura cut their price target on Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Canaccord Genuity reissued a “hold” rating and issued a $54.00 price target on shares of Cheesecake Factory in a report on Monday, January 8th. Piper Jaffray Companies raised their price target on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Finally, Barclays reissued an “equal weight” rating and issued a $47.00 price target (up previously from $43.00) on shares of Cheesecake Factory in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.00.

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Cheesecake Factory 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.

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

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