Public Employees Retirement System of Ohio Has $4.33 Million Stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Public Employees Retirement System of Ohio reduced its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 68,395 shares of the restaurant operator’s stock after selling 53 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of The Cheesecake Factory worth $4,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares during the period. TrimTabs Asset Management LLC boosted its position in The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 968 shares during the last quarter. Parallel Advisors LLC boosted its position in The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 235 shares during the last quarter. Tyers Asset Management LLC boosted its position in The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 22 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock valued at $170,000 after buying an additional 28 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors and hedge funds.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) opened at 49.31 on Wednesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 17.24 and a beta of 0.33. The firm has a 50 day moving average of $55.93 and a 200 day moving average of $60.19. The Cheesecake Factory Incorporated has a one year low of $48.99 and a one year high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $563.43 million during the quarter, compared to the consensus estimate of $565.42 million. The Cheesecake Factory had a net margin of 6.15% and a return on equity of 23.35%. Equities analysts forecast that The Cheesecake Factory Incorporated will post $2.87 EPS for the current year.

WARNING: “Public Employees Retirement System of Ohio Has $4.33 Million Stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE)” was first reported by BBNS and is owned by of BBNS. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://baseballnewssource.com/markets/public-employees-retirement-system-of-ohio-has-4-33-million-stake-in-the-cheesecake-factory-incorporated-nasdaqcake/1180367.html.

Several research firms have commented on CAKE. Zacks Investment Research raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Telsey Advisory Group lowered their target price on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 14th. Canaccord Genuity reissued a “hold” rating and set a $60.00 target price on shares of The Cheesecake Factory in a research note on Friday, June 16th. Wells Fargo & Company reissued a “market perform” rating and set a $55.00 target price (down previously from $61.50) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Finally, BidaskClub raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.73.

In related news, CFO Doug Benn sold 16,901 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $64.02, for a total value of $1,082,002.02. Following the completion of the transaction, the chief financial officer now directly owns 70,261 shares in the company, valued at approximately $4,498,109.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Debby R. Zurzolo sold 6,424 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The disclosure for this sale can be found here. Insiders sold a total of 29,325 shares of company stock valued at $1,816,496 over the last quarter. 8.50% of the stock is owned by insiders.

About The Cheesecake Factory

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.

Institutional Ownership by Quarter for The Cheesecake Factory (NASDAQ:CAKE)

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