BB&T Corp Acquires 5719 Shares of The Cheesecake Factory Incorporated (CAKE)

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Vanguard Group Inc. raised its stake in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). SG Americas Securities LLC now owns 18,402 shares of the restaurant operator's stock valued at $926,000 after buying an additional 9,959 shares during the last quarter. BB&T Corp owned 0.13% of The Cheesecake Factory worth $3,076,000 at the end of the most recent reporting period. Waratah Capital Advisors Ltd. acquired a new position in The Cheesecake Factory during the first quarter valued at about $4,628,000. Bluemountain Mngmt Limited Liability Com stated it has 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Quadrature Capital Ltd purchased a new position in The Cheesecake Factory during the fourth quarter worth about $280,000. UBS Asset Management Americas Inc. now owns 81,051 shares of the restaurant operator's stock worth $4,854,000 after buying an additional 51,562 shares during the period. Comerica Bank boosted its position in The Cheesecake Factory by 1.4% in the second quarter. Nordea Investment Management AB now owns 25,505 shares of the restaurant operator's stock valued at $1,616,000 after buying an additional 3,419 shares during the last quarter. Company insiders own 8.50% of the company's stock.

The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned "Sell" rating by Jefferies on Friday, June 2.

About 1.88 million shares traded or 66.37% up from the average. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 15.79 and a beta of 0.31. The Cheesecake Factory has a 12 month low of $44.02 and a 12 month high of $67.14.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) issued an update on its third quarter earnings guidance on Wednesday morning. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.02. The firm had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% in Cheesecake Factory Inc (NASDAQ:CAKE) or 6,530 shares. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. During the same quarter previous year, the firm posted $0.78 earnings per share.

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The company also recently announced a dividend paid on Tuesday the 30th of May 2017. Baird reiterated a "neutral" rating and issued a $57.00 price target (down previously from $60.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, August 14th. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned "Hold" rating by Jefferies on Tuesday, June 13.

Equities researchers at Jefferies Group reduced their Q3 2017 EPS estimates for The Cheesecake Factory in a research report issued on Wednesday. If you are reading this piece on another domain, it was illegally copied and republished in violation of U.S. and worldwide copyright and trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/08/04/the-cheesecake-factory-incorporated-cake-shares-bought-by-vanguard-group-inc-updated-updated-updated.html.

Several other research firms also recently commented on CAKE. The Cheesecake Factory presently has a consensus rating of "Hold" and a consensus price target of $55.18. Zacks Investment Research lowered The Cheesecake Factory from a "hold" rating to a "sell" rating in a research report on Monday, May 8th. On June 20 the company was downgraded from "Buy" to "Hold" by analysts at Argus. They noted that the move was a valuation call. Maxim Group reissued a "hold" rating and set a $65.00 target price (up previously from $59.00) on shares of The Cheesecake Factory in a research report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. The Cheesecake Factory now has an average rating of "Hold" and a consensus target price of $55.18.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,000 shares of the company's stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $59.09, for a total transaction of $379,594.16. It also operates bakery production facilities, which produce desserts for its restaurants, worldwide licensees and third-party bakery customers. 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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