KBC Group NV Raises Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

KBC Group NV raised its position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 46.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,321 shares of the restaurant operator’s stock after buying an additional 741 shares during the period. KBC Group NV’s holdings in Cheesecake Factory were worth $110,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. New Century Financial Group LLC purchased a new stake in shares of Cheesecake Factory during the fourth quarter worth about $1,142,000. Janney Montgomery Scott LLC bought a new position in Cheesecake Factory during the 4th quarter valued at approximately $270,000. Hennessy Advisors Inc. purchased a new stake in Cheesecake Factory in the 4th quarter worth approximately $63,114,000. Versant Capital Management Inc grew its position in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after buying an additional 320 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Cheesecake Factory by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after buying an additional 22,416 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

Wall Street Analysts Forecast Growth

CAKE has been the subject of a number of research analyst reports. Stephens raised their price target on Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wedbush boosted their price target on shares of Cheesecake Factory from $52.00 to $59.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their price objective on shares of Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Barclays upped their target price on Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.93.

Cheesecake Factory Stock Down 4.1 %

NASDAQ:CAKE opened at $53.31 on Friday. The firm has a 50-day simple moving average of $50.47 and a two-hundred day simple moving average of $44.32. The firm has a market cap of $2.72 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.35 and a beta of 1.51. The Cheesecake Factory Incorporated has a fifty-two week low of $33.05 and a fifty-two week high of $57.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.