Texas Permanent School Fund decreased its position in Cheesecake Factory Inc (NASDAQ:CAKE) by 9.8% during the fourth quarter, Holdings Channel reports. The fund owned 28,782 shares of the restaurant operator’s stock after selling 3,133 shares during the quarter. Texas Permanent School Fund’s holdings in Cheesecake Factory were worth $1,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CAKE. PNC Financial Services Group Inc. increased its position in shares of Cheesecake Factory by 85.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,332 shares of the restaurant operator’s stock valued at $319,000 after purchasing an additional 2,912 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cheesecake Factory by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock valued at $209,847,000 after purchasing an additional 146,756 shares during the last quarter. FMR LLC increased its position in shares of Cheesecake Factory by 28.4% during the 2nd quarter. FMR LLC now owns 700,847 shares of the restaurant operator’s stock valued at $35,253,000 after purchasing an additional 155,007 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Cheesecake Factory by 3.2% during the 2nd quarter. California Public Employees Retirement System now owns 101,900 shares of the restaurant operator’s stock valued at $5,126,000 after purchasing an additional 3,200 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Cheesecake Factory by 23.4% during the 2nd quarter. M&T Bank Corp now owns 4,849 shares of the restaurant operator’s stock valued at $244,000 after purchasing an additional 919 shares during the last quarter. 98.71% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Debby R. Zurzolo sold 2,306 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is owned by insiders.

Cheesecake Factory Inc (NASDAQ CAKE) opened at $45.14 on Monday. Cheesecake Factory Inc has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2,066.75, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.14 and a beta of 0.33.

Several research firms have recently weighed in on CAKE. TheStreet raised Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Wells Fargo & Co cut their target price on Cheesecake Factory from $45.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 6th. Barclays cut their target price on Cheesecake Factory from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Maxim Group cut their target price on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Cheesecake Factory has a consensus rating of “Hold” and a consensus target price of $49.00.

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Cheesecake Factory Company 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.

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

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