First Eagle Investment Management LLC lifted its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE – Free Report) by 23.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,683 shares of the restaurant operator’s stock after purchasing an additional 60,890 shares during the period. First Eagle Investment Management LLC owned 0.62% of Cheesecake Factory worth $9,626,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Cheesecake Factory by 338.4% during the first quarter. Tower Research Capital LLC TRC now owns 982 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 758 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Cheesecake Factory during the second quarter worth about $38,000. State of Wyoming bought a new position in Cheesecake Factory during the second quarter worth about $59,000. Quantbot Technologies LP lifted its holdings in Cheesecake Factory by 356.8% during the second quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator’s stock worth $104,000 after acquiring an additional 3,097 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Cheesecake Factory during the first quarter worth about $217,000. 88.68% of the stock is currently owned by institutional investors.
Cheesecake Factory Trading Up 1.3 %
Shares of NASDAQ:CAKE opened at $35.87 on Monday. The Cheesecake Factory Incorporated has a 12-month low of $28.58 and a 12-month high of $41.08. The stock has a market cap of $1.82 billion, a PE ratio of 20.47, a P/E/G ratio of 0.61 and a beta of 1.49. The business has a 50 day moving average of $33.81 and a 200-day moving average of $32.59. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.
Analyst Upgrades and Downgrades
About Cheesecake Factory
The Cheesecake Factory Incorporated engages in restaurant business. The company operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. It also operates restaurants in the United States and Canada under brands comprising The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as The Cheesecake Factory restaurants under licensing agreements internationally.
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