Cheesecake Factory (NASDAQ:CAKE) Upgrade of Rating

In a research report issued today, Jefferies upgraded shares of Cheesecake Factory (NASDAQ:CAKE) to Hold rating from Underperform rating.

In spite of the rating upgrade NASDAQ:CAKE is right now trading -9.86% lower at $52.58 as of 8:17 AM New York time. Cheesecake Factory shares have [From2] 0% over the last 200 days, while the S&P500 Index has risen 6.00% for the same time.

Institutional Ownership

Crystal Rock Capital Management had the most significant stake with ownership of 97,920 shares as of Q2 2015 for 3.3% of the US long stock exposure. New Amsterdam Partners Llc Ny is another bull as the investment professional who is possessing 153,241 shares of Cheesecake Factory or 1.76% of their US long stock exposure. In addition, Ncm Capital Advisers Inc. have 1.51% of their US long stock exposure invested in the company for 10,100 shares. The Virginia-based fund Hendershot Investments Inc. revealed it had acquired a stake worth about 1.46% of the investment professional’s stock portfolio in Cheesecake Factory. The Michigan-based fund Long Road Investment Counsel Llc is also positive about the stock, possessing 58,900 shares or 1.35% of their US long stock exposure.

Cheesecake Factory (NASDAQ:CAKE) 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.

Cheesecake Factory (NASDAQ:CAKE) traded down -9.86% on 13 June, hitting $52.58. A total of 6.02M shares of the company’s stock traded hands. This is up from average of 1.10M shares. Cheesecake Factory has a 52 week low of $46.93 and a 52 week high of $67.14. The company has a market cap of $2.53B and a P/E ratio of 18.41.

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