Economy

Zacks Investment Research Downgrades Cheesecake Factory (CAKE) to Hold

Zacks Investment Research Downgrades Cheesecake Factory (CAKE) to Hold”

(CAKE) by 11.51% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Cheesecake Factory by 19.5% in the fourth quarter. Highbridge Capital Mgmt Ltd invested in 36,066 shares. The stock increased 1.49% or $0.69 during the last trading session, reaching $47.06. About 1.70M shares traded. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 now under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements. It has outperformed by 4.93% the S&P500. The company has market cap of $9.41 billion. Hedge funds and other institutional investors own 98.71% of the company's stock. Whitnell & Co who had been investing in International Business Machs for a number of months, seems to be less bullish one the $144.43B market cap company. About 5.62 million shares traded or 0.23% up from the average. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 19, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. CAKE's profit will be $23.34M for 22.20 P/E if the $0.53 EPS becomes a reality. Perennial Advisors LLC grew its holdings in shares of Cheesecake Factory by 123.1% during the fourth quarter.

Investors sentiment increased to 1.1 in Q3 2017. The stock has a market capitalization of $2,130.38, a price-to-earnings ratio of 17.17, a PEG ratio of 1.18 and a beta of 0.33.

BidaskClub upgraded shares of Cheesecake Factory (NASDAQ:CAKE) from a sell rating to a hold rating in a research report sent to investors on Friday, January 26th. 62 funds opened positions while 102 raised stakes. Jpmorgan Chase reported 1,701 shares. State Common Retirement Fund invested 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Moreover, Retirement System Of Alabama has 0.01% invested in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Cibc Bankshares Usa reported 5,797 shares. Tiaa Cref Inv Management Limited Liability Com holds 118,093 shares.

A number of analysts recently issued reports on CAKE shares.

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The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. After having $0.56 EPS previously, The Cheesecake Factory Incorporated's analysts see -5.36% EPS growth. The New York-based Qs Investors Limited Liability Co has invested 0.03% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Price T Rowe Assocs Md has invested 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). (NYSE:CMI). Alpha Windward Lc holds 0.37% of its portfolio in Cummins Inc. Aperio Gru Lc stated it has 111,190 shares. Out of 4 Wall Street analysts rating Cheesecake Factory, 3 give it "Buy", 1 "Sell" rating, while 0 recommend "Hold". Therefore 40% are positive. Maxim Group decreased their target price on Cheesecake Factory from $57.00 to $54.00 and set a "buy" rating on the stock in a report on Thursday, November 2nd. The firm has "Hold" rating by Canaccord Genuity given on Wednesday, June 14. As per Thursday, August 3, the company rating was maintained by Piper Jaffray. Sandler O'Neill downgraded the stock to "Hold" rating in Thursday, November 10 report. Jefferies maintained the stock with "Hold" rating in Tuesday, October 10 report. The stock has "Equal-Weight" rating by Stephens on Wednesday, October 11. Riggs Asset Managment Incorporated reported 0% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Morgan Stanley decreased their target price on Cheesecake Factory from $48.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, November 2nd. Piper Jaffray maintained The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Monday, January 8 with "Buy" rating.

Eagle Capital Management Llc decreased Unitedhealth Group Inc (NYSE:UNH) stake by 180,564 shares to 5.83M valued at $1.14 billion in 2017Q3. Its down 14.92% from 23.16 million shares previously. It also increased its holding in Shutterfly Inc. (NASDAQ:AMZN) for 754 shares. Its up 0.15, from 0.93 in 2017Q2.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.30, from 1.28 in 2017Q2. 100 funds opened positions while 451 raised stakes. Principal Fincl reported 2.08 million shares. Bbva Compass Bancorp Inc, a Texas-based fund reported 21,806 shares. Maltese Capital Mngmt Ltd Limited Liability Company reported 498,813 shares stake. Stifel Finance Corp has 815,897 shares. Jacobs Levy Equity Mngmt stated it has 0.05% of its portfolio in Cummins Inc. 5,390 were reported by Cetera Advisor Network Ltd Liability Corporation. Bennicas & Assoc holds 2,692 shares. Cadence Capital Mgmt Ltd holds 0.18% of its portfolio in V.F. Corporation (NYSE:VFC) for 44,523 shares. Smithfield Trust reported 950 shares.

Among 53 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 3 Hold. Therefore 46% are positive. The rating was downgraded by Societe Generale to "Sell" on Wednesday, April 19. The company was upgraded on Friday, October 27 by Monness. As per Tuesday, July 25, the company rating was maintained by UBS. The stock of V.F. Corporation (NYSE:VFC) earned "Buy" rating by Brean Capital on Monday, February 22. The rating was initiated by Wedbush with "Hold" on Thursday, August 3. The firm has "Sell" rating by Jefferies given on Friday, June 2. The stock of V.F. Corporation (NYSE:VFC) earned "Hold" rating by Stifel Nicolaus on Tuesday, February 16. The rating was maintained by Nomura with "Neutral" on Friday, October 27. The firm has "Buy" rating given on Friday, February 2 by Bank of America.

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