Choreo LLC Makes New Investment in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Choreo LLC purchased a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,535 shares of the restaurant operator’s stock, valued at approximately $215,000.

Several other institutional investors also recently modified their holdings of CAKE. Foundations Investment Advisors LLC purchased a new position in shares of Cheesecake Factory in the 3rd quarter worth $227,000. New York State Teachers Retirement System raised its stake in Cheesecake Factory by 5.5% during the 3rd quarter. New York State Teachers Retirement System now owns 77,660 shares of the restaurant operator’s stock worth $3,149,000 after acquiring an additional 4,053 shares during the period. Oak Harvest Investment Services purchased a new position in Cheesecake Factory during the third quarter valued at approximately $345,000. Harbor Capital Advisors Inc. boosted its position in shares of Cheesecake Factory by 2.4% in the third quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator’s stock worth $937,000 after purchasing an additional 532 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Cheesecake Factory by 9.6% in the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after purchasing an additional 22,416 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CAKE shares. Oppenheimer raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Tuesday, January 7th. Barclays lifted their price target on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Stephens boosted their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, UBS Group lifted their target price on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Cheesecake Factory presently has a consensus rating of “Hold” and a consensus target price of $49.93.

Cheesecake Factory Stock Performance

Shares of CAKE opened at $53.34 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The stock has a 50-day moving average of $50.69 and a two-hundred day moving average of $44.88. The stock has a market cap of $2.72 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.33 and a beta of 1.51. The Cheesecake Factory Incorporated has a one year low of $33.05 and a one 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.