The Cheesecake Factory Incorporated (CAKE) Could Help Your Portfolio. The Stock Formed Double Top Pattern

September 16, 2018 - By Robert Sims

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Logo

Investors sentiment decreased to 0.96 in Q2 2018. Its down 0.14, from 1.1 in 2018Q1. It worsened, as 23 investors sold The Cheesecake Factory Incorporated shares while 89 reduced holdings. 29 funds opened positions while 79 raised stakes. 47.41 million shares or 1.92% more from 46.52 million shares in 2018Q1 were reported.
The New York-based Amalgamated Bancorp has invested 0.01% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Bb&T Secs Ltd invested 0.02% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Millennium Mgmt Ltd Liability Com has invested 0.03% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Arcadia Investment Mgmt Corp Mi reported 0.3% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Epoch Ptnrs Inc owns 0.08% invested in The Cheesecake Factory Incorporated (NASDAQ:CAKE) for 476,095 shares. Credit Suisse Ag holds 52,567 shares. Moreover, Piedmont Advsrs Limited Co has 0% invested in The Cheesecake Factory Incorporated (NASDAQ:CAKE). State Treasurer State Of Michigan reported 0.01% stake. Victory has invested 0% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Pnc Fincl Grp invested in 7,294 shares. Covington stated it has 150 shares or 0% of all its holdings. Oregon Public Employees Retirement Fund holds 0.01% or 16,653 shares in its portfolio. Global X invested in 0% or 869 shares. Natixis Advsrs Limited Partnership reported 0.1% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). The Illinois-based Grp One Trading Limited Partnership has invested 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE).

Since April 30, 2018, it had 2 buys, and 7 selling transactions for $6.64 million activity. Ames Edie A had bought 500 shares worth $26,415 on Wednesday, August 22. Another trade for 1,005 shares valued at $53,206 was sold by SLOMANN CHERYL. Another trade for 93,300 shares valued at $4.84M was sold by OVERTON DAVID.

The chart of The Cheesecake Factory Incorporated (CAKE) shows a double top with $55.58 target or 5.00 % above today’s $52.93 share price. The 7 months chart pattern indicates low risk for the $2.34 billion company. It was reported on Sep, 16 by Finviz.com. If the $55.58 price target is reached, the company will be worth $116.75M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.11% or $0.06 during the last trading session, reaching $52.93. About 732,652 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has risen 33.22% since September 16, 2017 and is uptrending. It has outperformed by 17.60% the S&P500.

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on November, 7. They expect $0.58 EPS, up 3.57 % or $0.02 from last year’s $0.56 per share. CAKE’s profit will be $25.59 million for 22.81 P/E if the $0.58 EPS becomes a reality. After $0.65 actual EPS reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts -10.77 % negative EPS growth.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Ratings Coverage

Among 9 analysts covering Cheesecake Factory (NASDAQ:CAKE), 0 have Buy rating, 0 Sell and 9 Hold. Therefore 0 are positive. Cheesecake Factory had 14 analyst reports since April 19, 2018 according to SRatingsIntel. As per Wednesday, July 25, the company rating was maintained by Robert W. Baird. Bank of America maintained the stock with “Neutral” rating in Wednesday, August 1 report. The rating was maintained by Jefferies with “Hold” on Wednesday, April 25. The firm has “Neutral” rating given on Monday, June 18 by BTIG Research. The rating was maintained by Bank of America on Tuesday, July 24 with “Neutral”. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, April 19 report. The firm earned “Neutral” rating on Thursday, June 14 by Bank of America. The firm earned “Equal-Weight” rating on Thursday, April 26 by Morgan Stanley. Wedbush maintained the stock with “Neutral” rating in Thursday, April 26 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, August 1 report.

Another recent and important The Cheesecake Factory Incorporated (NASDAQ:CAKE) news was published by Seekingalpha.com which published an article titled: “Venture Capital Deals Of The Week: Alphabet’s $375M Bet On Oscar Health” on August 18, 2018.

The Cheesecake Factory Incorporated operates restaurants primarily in the United States. The company has market cap of $2.34 billion. The firm also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. It has a 17.95 P/E ratio. As of December 19, 2017, it operated 214 casual dining restaurants, including 199 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 2 restaurants under the Rock Sugar Pan Asian Kitchen mark; and 18 The Cheesecake Factory branded restaurants under licensing agreements internationally.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.