EARNEST Partners Holds 2.24M Cheesecake Factory Shares
Ticker: CAKE · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 887596
| Field | Detail |
|---|---|
| Company | Cheesecake Factory Inc (CAKE) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G/A, shareholder-update
TL;DR
**EARNEST Partners still owns over 2.2M Cheesecake Factory shares, showing continued institutional confidence.**
AI Summary
EARNEST Partners, LLC, an investment advisor based in Atlanta, GA, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership of 2,242,267 shares of The Cheesecake Factory Incorporated's common stock as of December 31, 2023. This filing indicates that EARNEST Partners holds sole voting power over these shares, representing a significant institutional stake in the restaurant company. This matters to investors because it shows a major institutional investor maintains a substantial position, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms a major institutional investor's continued significant stake in The Cheesecake Factory, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should note that a major institutional investor, EARNEST Partners, LLC, continues to hold a substantial position in The Cheesecake Factory. This suggests a degree of institutional confidence, but further research into the company's fundamentals and EARNEST Partners' investment strategy would be prudent before making investment decisions.
Key Numbers
- 2,242,267 — Sole Voting Power Shares (Number of common stock shares of The Cheesecake Factory Incorporated over which EARNEST Partners, LLC has sole voting power as of December 31, 2023.)
- 12/31/2023 — Date of Event (The date as of which the ownership stake was reported, requiring this filing.)
- 163072101 — CUSIP Number (The unique identification number for The Cheesecake Factory Incorporated's common stock.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and investment advisor
- The Cheesecake Factory Incorporated (company) — the issuer of the common stock
- Delaware (company) — place of organization for EARNEST Partners, LLC
- Atlanta, GA (company) — business address for EARNEST Partners, LLC
Forward-Looking Statements
- EARNEST Partners, LLC will maintain a significant stake in The Cheesecake Factory Incorporated. (EARNEST Partners, LLC) — medium confidence, target: Q4 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is EARNEST Partners, LLC, an investment advisor based in Atlanta, GA, as stated in the 'NAMES OF REPORTING PERSONS' section.
What is the name of the issuer whose securities are being reported?
The name of the issuer is THE CHEESECAKE FACTORY INCORPORATED, as clearly stated under the 'Name of Issuer' section of the Schedule 13G.
How many shares of The Cheesecake Factory Incorporated's common stock does EARNEST Partners, LLC have sole voting power over?
EARNEST Partners, LLC has sole voting power over 2,242,267 shares of The Cheesecake Factory Incorporated's common stock, as indicated in item 5, 'SOLE VOTING POWER', of the filing.
What was the date of the event that required this Schedule 13G filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding CHEESECAKE FACTORY INC (CAKE).