SG Americas Securities LLC raised its stake in Cheesecake Factory Inc (NASDAQ:CAKE) by 125.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,293 shares of the restaurant operator’s stock after acquiring an additional 16,327 shares during the period. SG Americas Securities LLC’s holdings in Cheesecake Factory were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Cheesecake Factory by 8.7% in the third quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock valued at $3,137,000 after acquiring an additional 5,938 shares in the last quarter. Koch Industries Inc. acquired a new position in Cheesecake Factory in the second quarter valued at $353,000. Macquarie Group Ltd. boosted its stake in Cheesecake Factory by 7.5% in the third quarter. Macquarie Group Ltd. now owns 1,453,386 shares of the restaurant operator’s stock valued at $61,216,000 after acquiring an additional 101,513 shares in the last quarter. Stifel Financial Corp boosted its stake in Cheesecake Factory by 33.4% in the third quarter. Stifel Financial Corp now owns 79,701 shares of the restaurant operator’s stock valued at $3,352,000 after acquiring an additional 19,944 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Cheesecake Factory by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock valued at $209,847,000 after acquiring an additional 146,756 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

Several research firms have issued reports on CAKE. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Piper Jaffray Companies upped their price objective on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Canaccord Genuity restated a “hold” rating and issued a $54.00 price objective on shares of Cheesecake Factory in a research note on Monday, January 8th. BidaskClub upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Barclays upped their price objective on shares of Cheesecake Factory from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.00.

In other news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is currently owned by corporate insiders.

Shares of Cheesecake Factory Inc (NASDAQ:CAKE) opened at $45.14 on Friday. Cheesecake Factory Inc has a 12 month low of $38.34 and a 12 month high of $67.14. The firm has a market cap of $2,066.73, a PE ratio of 16.66, a PEG ratio of 1.14 and a beta of 0.33. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.

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About 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.

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

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