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Bamco Inc. NY Lowers Holdings in The Cheesecake Factory
Institutional investor reduces stake in restaurant operator
Mar. 15, 2026 at 8:35am
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Bamco Inc. NY, a major institutional investor, has lowered its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 16.7% in the third quarter, according to a recent SEC filing. The fund now owns 1,250,037 shares of the restaurant operator's stock, worth approximately $68.3 million.
Why it matters
The Cheesecake Factory is a prominent casual dining chain, and changes in major institutional holdings can signal shifts in investor sentiment around the company's performance and future prospects.
The details
Bamco Inc. NY sold 249,963 shares of The Cheesecake Factory during the third quarter, reducing its total stake to 1,250,037 shares, or about 2.51% of the company's outstanding stock. The move comes as The Cheesecake Factory has faced some headwinds, with its stock price fluctuating between $42.69 and $69.70 over the past 12 months.
- Bamco Inc. NY lowered its stake in the third quarter of 2026.
The players
Bamco Inc. NY
A major institutional investor that has reduced its stake in The Cheesecake Factory.
The Cheesecake Factory Incorporated
A prominent American restaurant company and distributor known for its full-service casual-dining concept and specialty cheesecakes.
The takeaway
The reduction in Bamco Inc. NY's stake in The Cheesecake Factory reflects the broader volatility and uncertainty facing the restaurant industry, as investors weigh the company's performance and future prospects.
