New Mexico Educational Retirement Board Has $370,000 Stake in Cheesecake Factory Inc (CAKE)

New Mexico Educational Retirement Board decreased its position in shares of Cheesecake Factory Inc (NASDAQ:CAKE) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,500 shares of the restaurant operator’s stock after selling 1,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Cheesecake Factory were worth $370,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Cheesecake Factory by 452.7% in the second quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock valued at $202,000 after purchasing an additional 18,432 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Cheesecake Factory by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,385 shares of the restaurant operator’s stock worth $97,422,000 after acquiring an additional 7,158 shares in the last quarter. Northern Trust Corp grew its holdings in Cheesecake Factory by 0.7% during the 2nd quarter. Northern Trust Corp now owns 838,782 shares of the restaurant operator’s stock worth $46,183,000 after acquiring an additional 6,152 shares in the last quarter. Scout Investments Inc. grew its holdings in Cheesecake Factory by 2.2% during the 3rd quarter. Scout Investments Inc. now owns 71,390 shares of the restaurant operator’s stock worth $3,822,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Capital Impact Advisors LLC grew its holdings in Cheesecake Factory by 7.3% during the 3rd quarter. Capital Impact Advisors LLC now owns 37,118 shares of the restaurant operator’s stock worth $1,991,000 after acquiring an additional 2,539 shares in the last quarter. 98.26% of the stock is owned by institutional investors.

In related news, insider Cheryl Slomann sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $49.21, for a total value of $369,075.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.80% of the stock is owned by corporate insiders.

Several research firms have commented on CAKE. Maxim Group upgraded shares of Cheesecake Factory from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, December 19th. TheStreet cut shares of Cheesecake Factory from a “b” rating to a “c+” rating in a report on Tuesday, October 30th. Gordon Haskett assumed coverage on shares of Cheesecake Factory in a report on Thursday, October 18th. They issued a “hold” rating and a $53.00 target price for the company. ValuEngine cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.42.

CAKE stock opened at $46.14 on Monday. Cheesecake Factory Inc has a 12 month low of $41.63 and a 12 month high of $60.19. The firm has a market capitalization of $2.09 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.20 and a beta of 0.36. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.03.

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Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of November 20, 2018, it operated 217 company-owned restaurants, including 201 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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

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