Cheesecake FactoryCAKE
Market Cap: $1.91B
About: Cheesecake Factory Inc owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.
Employees: 47,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
19% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 79
17% more capital invested
Capital invested by funds: $1.59B [Q1] → $1.85B (+$262M) [Q2]
11% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 35
6.48% more ownership
Funds ownership: 86.0% [Q1] → 92.48% (+6.48%) [Q2]
2% more funds holding
Funds holding: 254 [Q1] → 258 (+4) [Q2]
0% less call options, than puts
Call options by funds: $39.3M | Put options by funds: $39.3M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan John Ivankoe 67% 1-year accuracy 18 / 27 met price target | 1%upside $38 | Underweight Maintained | 6 Aug 2024 |
Wedbush Nick Setyan 57% 1-year accuracy 51 / 90 met price target | 20%upside $45 | Outperform Reiterated | 1 Aug 2024 |
Barclays Jeffrey Bernstein 51% 1-year accuracy 29 / 57 met price target | 7%downside $35 | Underweight Maintained | 1 Aug 2024 |
Wells Fargo Zachary Fadem 77% 1-year accuracy 17 / 22 met price target | 1%upside $38 | Equal-Weight Maintained | 1 Aug 2024 |
Stephens & Co. Jim Salera 47% 1-year accuracy 14 / 30 met price target | 33%upside $50 | Overweight Reiterated | 1 Aug 2024 |
Financial journalist opinion
Based on 4 articles about CAKE published over the past 30 days