Janney Montgomery Scott LLC Invests $270,000 in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Janney Montgomery Scott LLC bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,694 shares of the restaurant operator’s stock, valued at approximately $270,000.

Several other hedge funds have also bought and sold shares of CAKE. Versant Capital Management Inc increased its position in shares of Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Cheesecake Factory during the third quarter valued at approximately $223,000. Foundations Investment Advisors LLC purchased a new position in shares of Cheesecake Factory during the third quarter worth approximately $227,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Cheesecake Factory in the 3rd quarter worth approximately $317,000. Finally, Centiva Capital LP purchased a new stake in shares of Cheesecake Factory in the 3rd quarter valued at $329,000. 94.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America lifted their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com cut Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. UBS Group lifted their price target on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird increased their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and an average price target of $49.93.

Cheesecake Factory Price Performance

CAKE stock opened at $51.98 on Wednesday. The firm has a 50-day moving average of $50.57 and a 200 day moving average of $44.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The company has a market cap of $2.65 billion, a P/E ratio of 19.76, a PEG ratio of 1.33 and a beta of 1.51. The Cheesecake Factory Incorporated has a 1 year low of $33.05 and a 1 year high of $57.32.

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.