Update on Short Interest in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

by decwells
Update on Short Interest in The Cheesecake Factory Incorporated (NASDAQ:CAKE)


The Cheesecake Factory Incorporated experienced a large increase in the number of open positions that were not filled during August (NASDAQ: CAKE ). As of August 15, there were 7,970,000 shares borrowed, a 5.8% increase from the 7,530,000 borrowed the previous day. Based on an average daily volume of 1,060,000 shares traded in the market, the current short interest ratio stands at 7.5 days. This number has been reached. Three stocks with a relatively low market size with significant profit potential Several hedge funds and other institutional investors have adjusted the proportion of the company’s shares they hold in their respective investment portfolios over the past few months. In the second quarter, Verition Fund Management LLC increased its holdings in shares of Cheesecake Factory by 36.8%, bringing its total ownership to 100%. Since the end of the previous quarter, the number of shares owned by Verition Fund Management LLC has grown by 9,480, bringing the total number of shares owned by the company to 35,257, which is worth $930,000 has. ExodusPoint Capital Management LP grew its holdings in shares of Cheesecake Factory by 321.6% at the end of the second quarter.

ExodusPoint Capital Management LP now owns a total of 63,664 shares of the restaurant operator’s stock valued at a combined total of $1,682,000 after buying an additional 48,564 shares during the quarter. These 63,664 shares have a combined total value of $1,682,000. During the second quarter, Captrust Financial Advisors made a gain of 170.4% in the amount of Cheesecake Factory shares it owned, bringing the total to 100% to stand. During the third quarter, Captrust Financial Advisors grew its holdings in the restaurant operator’s stock by buying an additional 3,626 shares. This brought the firm’s total stake in the stock to $152,000. During the second quarter, T. Rowe Price Associates MD made a purchase of 2.1% of Cheesecake Factory shares, bringing the company’s total stake to 71.9%. MD increased the number of shares he owns in the restaurant operator by 598, bringing his total number of shares owned to 28,907, which is currently worth $764,000. Caption Management LLC spent nearly $674 thousand to acquire an additional stake in Cheesecake Factory in the second quarter. This was the last and most important item on this list. A total of 84.62% of the company’s shares are held by hedge funds and other types of institutional investors.

When the stock market opened on Wednesday, the price of a share of CAKE stock was $30.52 per share. The share price reached $29.55, which is equal to its 50-day moving average, and $33.58, which is equal to its 200-day moving average. The company has a debt-to-equity ratio of 1.29 to 1, a quick ratio of 0.54 to 1, and a current ratio of 0.63 to 1. The company has a PE ratio , a P/E/E ratio and a beta value of 1.45, and the market now values ​​it at a total of 1.59 billion dollars in market capitalization. The quarterly earnings report for The Cheesecake Factory (NASDAQ:CAKE) was released to the public on Wednesday, July 27th, which reveals information about the company’s financial performance over the past three months. The Cheesecake Factory has a return on equity of 31.69% and a net margin of 2.65%. Both of these numbers are impressive. The corporation’s most recent quarter’s revenue came in at $832.60 million, which was lower than industry analysts’ forecast of $836.64 million. The company had net income of $0.80 per share during the previous year. During the company’s third fiscal quarter, annual revenue growth was 8.3% higher than the previous year.

Equities research specialists forecast that The Cheesecake Factory will post $2.04 earnings per share for the current fiscal year. In addition, the company recently announced a quarterly dividend, which was paid out on August 23rd, following the dividend payment. On Wednesday, August 10th a dividend payment of $0.27 per share was sent out to investors who already had their information on file. This translates to a dividend payout of $1.08 per year and a return on investment of 3.54%. The dividend distribution took place on August 9 when the payment was made. The Cheesecake Factory’s payout ratio has currently reached 66.26 percent. The Reboot Reopening: Three Ways to Enjoy the Game Without Spending a Lot of Money Recent reports on CAKE stock have been published on various analyst websites by different firms. UBS Group dropped their price objective on Cheesecake Factory from $42.00 to $30.00 in a research report on Tuesday, July 26th. They also downgraded the company’s rating from “neutral” to “underweight”. As part of a research report released on July 28th, Barclays reduced their price objective on Cheesecake Factory from $32.00 to $28.00 and changed their rating for the company from “underweight” to “neutral”.

In a research report on July 18, Morgan Stanley downgraded Cheesecake Factory to “underweight”. Additionally, the firm dropped its price objective for the business from $37.00 to $26.00. Additionally, their target price was previously set at $30 in a report published on July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on The Cheesecake Factory from $35.00 to $31.00 in a research note released on Thursday, July 28th. The company has been recommended to buy by six financial experts, a recommendation to hold it by a total of five, and a recommendation to sell the shares by two analysts.

The Cheesecake Factory restaurants are managed by The Cheesecake Factory Incorporated, responsible for all aspects of the Cheesecake Factory restaurants. It operates two bakeries, both of which are used to produce cheesecakes and other baked goods for its restaurants, international licensees, customers of a third-party bakery, customers of other bakeries, customers of outside food service operators, dealers and distributors. The corporation owns and operates 306 restaurants in the United States and Canada under various names, including 208 locations of The Cheesecake Factory and 29 locations in Northern Italy. Due to licensing agreements, there are also 29 Cheesecake Factory restaurants and several Fox Restaurant Concepts restaurants located in countries other than the United States.

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1 comment

דירות דיסקרטיות בתל אביב September 4, 2022 - 5:18 pm

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