9,105 Shares in The Cheesecake Factory Incorporated $CAKE Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,105 shares of the restaurant operator’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Cheesecake Factory during the second quarter valued at $28,000. Parkside Financial Bank & Trust raised its position in shares of Cheesecake Factory by 39.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock worth $40,000 after buying an additional 178 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Cheesecake Factory by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 323 shares during the period. CWM LLC lifted its holdings in shares of Cheesecake Factory by 36.7% in the third quarter. CWM LLC now owns 1,357 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 364 shares during the period. Finally, Bayforest Capital Ltd lifted its holdings in Cheesecake Factory by 16.4% in the 3rd quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CAKE shares. Bank of America cut their price objective on Cheesecake Factory from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company decreased their price target on shares of Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, October 29th. Stephens reduced their price objective on Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Citigroup reduced their target price on shares of Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, Raymond James Financial cut Cheesecake Factory from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and a consensus price target of $59.41.

Cheesecake Factory Trading Down 0.9%

CAKE stock opened at $57.96 on Friday. The business’s 50 day moving average is $52.94 and its 200-day moving average is $55.36. The Cheesecake Factory Incorporated has a 1-year low of $42.69 and a 1-year high of $69.70. The firm has a market cap of $2.89 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.48 and a beta of 0.97. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.32.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.