Avalon Global Asset Management Continues to Hold Holding in 2U (TWOU); As Cheesecake …

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has declined … 2U, Inc. (NASDAQ:TWOU) has declined 17.62% since March 12, 2018 and is …

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Logo

Bbva Compass Bancshares Inc decreased its stake in Cheesecake Factory (CAKE) by 28.42% based on its latest 2018Q4 regulatory filing with the SEC. Bbva Compass Bancshares Inc sold 7,761 shares as the company’s stock declined 8.24% while stock markets rallied. The institutional investor held 19,549 shares of the restaurants company at the end of 2018Q4, valued at $851,000, down from 27,310 at the end of the previous reported quarter. Bbva Compass Bancshares Inc who had been investing in Cheesecake Factory for a number of months, seems to be less bullish one the $2.02 billion market cap company. The stock increased 0.65% or $0.3 during the last trading session, reaching $46.43. About 684,190 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has declined 3.50% since March 12, 2018 and is downtrending. It has underperformed by 7.87% the S&P500. Some Historical CAKE News: 15/05/2018 – Two Sigma Investments Buys 1.3% Position in Cheesecake Factory; 29/03/2018 – Moody’s Affirms Ten Classes of JPMCC 2017-JP5; 26/03/2018 – Cheesecake Factory Closes Above 50-Day Moving Average; 06/03/2018 – Cheesecake Factory Five-Year Plan Targets 1%-2% Comparable Sales Growth; 02/04/2018 – Cheesecake Factory’s CEO: To have happier employees, do these 3 things; 11/05/2018 – CHEESECAKE FACTORY INC – APPOINTMENT OF SCARLETT MAY AS EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY OF COMPANY; 01/05/2018 – Eli’s Cheesecake of Chicago Introduces #DIY Wedding Cake Kit For the #RoyalWedding!; 23/04/2018 – DJ Cheesecake Factory Incorporated, Inst Holders, 1Q 2018 (CAKE); 25/04/2018 – CHEESECAKE FACTORY 1Q EPS 56C; 18/05/2018 – Cheesecake Factory Closes Below 50-Day Average: Technicals

Avalon Global Asset Management Llc increased its stake in 2U Inc (TWOU) by 29.47% based on its latest 2018Q4 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 22,100 shares as the company’s stock rose 22.47% with the market. The hedge fund held 97,100 shares of the technology company at the end of 2018Q4, valued at $4.83 million, up from 75,000 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in 2U Inc for a number of months, seems to be bullish on the $4.05 billion market cap company. The stock increased 3.13% or $2.11 during the last trading session, reaching $69.59. About 405,926 shares traded. 2U, Inc. (NASDAQ:TWOU) has declined 17.62% since March 12, 2018 and is downtrending. It has underperformed by 21.99% the S&P500. Some Historical TWOU News: 11/04/2018 – 2U: Andrew Hermalyn Will Become Pres of 2UGrad; 21/05/2018 – 2U: Chernis Has Stepped Down From Board to Take on COO Role; 03/05/2018 – 2U Sees 2018 Adj Loss/Shr 13c-Adj Loss/Shr 10c; 03/05/2018 – 2U 1Q Adj Loss/Shr 12c; 03/05/2018 – 2U RAISES YEAR REV. GROWTH GUIDANCE TO 42%; 26/04/2018 – Baylor University and 2U Inc. Partner on Three Online Graduate Programs; 03/05/2018 – 2U Sees 2Q Rev $95.1M-$96.1M; 03/05/2018 – 2U INC SEES FY 2018 ADJUSTED NET LOSS PER SHARE $0.13 – $0.10; 20/04/2018 – The Playlist: Prince’s Own `Nothing Compares 2 U,’ and 12 More New Songs; 26/04/2018 – Baylor University and 2U, Inc. Partner for the First Time on Three Online Graduate Programs

Avalon Global Asset Management Llc, which manages about $132.23 million and $164.73M US Long portfolio, decreased its stake in Nordstrom Inc (NYSE:JWN) by 7,200 shares to 92,800 shares, valued at $4.33 million in 2018Q4, according to the filing. It also reduced its holding in Servicenow Inc (NYSE:NOW) by 4,700 shares in the quarter, leaving it with 55,700 shares, and cut its stake in Workday Inc (NYSE:WDAY).

More notable recent 2U, Inc. (NASDAQ:TWOU) news were published by: Streetinsider.com which released: “2U, Inc. (TWOU) PT Raised to $85 at Needham & Company – StreetInsider.com” on February 26, 2019, also Nasdaq.com with their article: “Technology Sector Update for 02/26/2019: BSQR,TWOU,WSTG,NXPI – Nasdaq” published on February 26, 2019, Prnewswire.com published: “2U, Inc. and Syracuse University Expand Partnership to Deliver New Online Short Courses – PRNewswire” on February 21, 2019. More interesting news about 2U, Inc. (NASDAQ:TWOU) were released by: Nasdaq.com and their article: “2U (TWOU) Q4 Earnings & Revenues Surpass Estimates, Up Y/Y – Nasdaq” published on February 26, 2019 as well as Seekingalpha.com‘s news article titled: “2U, Inc. (TWOU) CEO Christopher Paucek on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 26, 2019.

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on April, 24. They expect $0.60 earnings per share, up 7.14% or $0.04 from last year’s $0.56 per share. CAKE’s profit will be $26.05 million for 19.35 P/E if the $0.60 EPS becomes a reality. After $0.60 actual earnings per share reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since November 20, 2018, it had 2 buys, and 1 sale for $312,581 activity. The insider SLOMANN CHERYL sold $369,053. PITTAWAY DAVID BRUCE bought 200 shares worth $9,502.

Bbva Compass Bancshares Inc, which manages about $1.40B US Long portfolio, upped its stake in American International Group (NYSE:AIG) by 74,456 shares to 83,066 shares, valued at $3.27M in 2018Q4, according to the filing. It also increased its holding in Eli Lilly & Company (NYSE:LLY) by 8,090 shares in the quarter, for a total of 17,439 shares, and has risen its stake in Blackrock Inc (NYSE:BLK).

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

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Del Taco Restaurants Inc (NASDAQ:TACO) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its holdings in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 24.0% in the 4th quarter, according to …

Del Taco Restaurants logoAcadian Asset Management LLC lifted its holdings in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,286 shares of the restaurant operator’s stock after purchasing an additional 17,847 shares during the quarter. Acadian Asset Management LLC owned 0.24% of Del Taco Restaurants worth $922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Del Taco Restaurants by 17.0% in the fourth quarter. First Trust Advisors LP now owns 63,308 shares of the restaurant operator’s stock worth $632,000 after acquiring an additional 9,208 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Del Taco Restaurants by 10.2% in the fourth quarter. Prudential Financial Inc. now owns 56,798 shares of the restaurant operator’s stock worth $567,000 after acquiring an additional 5,268 shares during the last quarter. Boston Partners grew its stake in shares of Del Taco Restaurants by 138.3% in the fourth quarter. Boston Partners now owns 727,860 shares of the restaurant operator’s stock worth $7,271,000 after acquiring an additional 422,453 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its stake in shares of Del Taco Restaurants by 19.9% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 695,335 shares of the restaurant operator’s stock worth $6,946,000 after acquiring an additional 115,530 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Del Taco Restaurants in the fourth quarter worth $177,000. 81.65% of the stock is owned by institutional investors.

In other news, SVP David Pear sold 5,982 shares of the company’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $10.15, for a total transaction of $60,717.30. Following the transaction, the senior vice president now directly owns 131,710 shares of the company’s stock, valued at $1,336,856.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 14.60% of the company’s stock.

Shares of NASDAQ:TACO opened at $10.25 on Tuesday. The firm has a market cap of $377.98 million, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.18 and a beta of 0.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.28. Del Taco Restaurants Inc has a 1 year low of $9.45 and a 1 year high of $14.83.

TACO has been the topic of a number of recent research reports. Maxim Group reissued a “buy” rating and issued a $16.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, January 15th. BidaskClub raised Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Thursday, December 27th. Zacks Investment Research raised Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, January 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of Del Taco Restaurants in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Del Taco Restaurants currently has an average rating of “Hold” and a consensus price target of $14.43.

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About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company’s restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Institutional Ownership by Quarter for Del Taco Restaurants (NASDAQ:TACO)

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Food-Delivery Companies Acquire a Taste for Smaller Markets

When Lexi Blalock opened the DoorDash Inc. app in Anchorage, Ala., earlier this year, the 24-year-old teacher found far fewer restaurant options than …

When Lexi Blalock opened the DoorDash Inc. app in Anchorage, Alaska, earlier this year, the 24-year-old teacher found far fewer restaurant options than when she had used the delivery service while visiting friends in Seattle last fall. Her sushi order took longer to arrive than she expected.

Still, Ms. Blalock was excited that delivery had made it to her sparsely populated state.

“I…

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Matrix, Sauce VC back &Me with $1 million round

NEW DELHI: Matrix partners and Sauce VC have teamed up to invest $1 million (about Rs 7 crore) in &Me, a food and beverage brand founded by …
NEW DELHI: Matrix partners and Sauce VC have teamed up to invest $1 million (about Rs 7 crore) in &Me, a food and beverage brand founded by Stanford business school alumnus Ankur Goyal.

The investors have subscribed to new shares in &Me’s parent company Merhaki Foods and Nutrition, RoC filings show. Bengaluru-based &Me manufactures food products and beverages exclusively for women that serve their health, nutrition and fitness needs.

Its products include liquids that relieve PMS symptoms such as cramps and also provide relief for patients suffering from polycystic ovary syndrome. “We are determined to solve many such challenges for women in the most convenient, healthy and tasty formats,” Goyal said.

This is Matrix’s second investment in the company after it led a seed round in August last year. “&Me’s core differentiator lies within its exceptional product and brand positioning that targets urban Indian women whose daily lifestyle denies them benefits of essential micronutrients,” Matrix India’s vice president Sanjot Malhi said.

Matrix’s estimates place the size of the functional foods and beverages market in India at $1 billion. Sauce VC is a consumer-focused fund launched by former 3i private equity executive Manu Chandra who has been an early backer of companies such as yogurt maker Epigamia, in which French dairy giant Danone recently bought a stake.

&Me will use the fresh funding to expand its team and scale operations nationally apart from widening its product offering. Its products are currently distributed through modern retail chains in southern India such as Nilgiri’s, Godrej Natures Basket and Namdhari. The products are also sold online through ecommerce sites such as Amazon.

Goyal, who has previously worked with consumer brands like Nestle and PaperBoat, launched &Me two years ago. Matrix manages $1 billion of investments in India. It has been an early investor in several market leading companies such as Ola, Quikr, Dailyhunt, Treebo, Razorpay and Ziploan.

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Local startup chosen for Silicon Valley accelerator

Winnipeg startup Jackfruit Systems is one of only 22 companies selected out of a group of more than 500 startups from around the world to participate …

Winnipeg startup Jackfruit Systems is one of only 22 companies selected out of a group of more than 500 startups from around the world to participate in the prestigious Plug and Play accelerator in Sunnyvale, Calif. in its supply chain stream.

Jackfruit has developed a platform using blockchain technology that would aggregate all the validated vital statistics of licenced truck drivers in North America providing a one-stop shop for shippers and trucking firms who need drivers for one-off trips.

The idea is to provide a way to get a whole bunch of licenced drivers who have left the industry back on the roads in a more organized part-time scenario.

Yash Kuntavalli, CEO of Jackfruit, said the goal is to solve a major problem for the industry which continues to face severe driver shortages across Canada and the U.S. and to provide the kind of work-life balance and flexibility that has been pushing many licenced drivers out of the business.

Kuntavalli said there are about 10 million certified truck drivers in North America, but only 3.5 million are active.

“That means there are 6.5 million either retired, semi-retired or not on the job,” said Kuntavalli, a 15 year IT veteran with a few other startups under his belt.

“Drivers are not still on the road for some obvious reasons,” he said. “Being a truck driver might have been fun when they were 22 or 25. But as they get older and have families and children, it becomes difficult and challenging to be away from home. Our platform will provide the opportunity for many of the 6.5 million drivers who are currently not active to market themselves on their own terms.”

The system, called FleetOperate, will include all of the drivers’ credentials, their driver abstracts and it will all be locked in the block chain platform such that the companies will know the information is validated and up-to-date.

Last year alone the industry in Canada and the U.S. was short about 50,000 drivers and the numbers continue to grow, Some estimates are the industry lost about $70 billion last year because of the lack of drivers.

FleetOperate will take the load off the companies so they don’t have to expend the time and money on-boarding, validating and training drivers who really only want to work part time or occasionally. It will allow drivers to set their terms for employment. Kuntavalli said the platform is also working on a life, health and dental insurance package for drivers who are registered.

Jackfruit has been developing FleetOperate for the past two years and has no revenue to date and has been funded entirely by Kuntavalli and his three co-founders.

Kuntavalli said the opportunity to take part in the three week Plug and Play accelerator in Silicon Valley will provide valuable business development assistance as well as an opportunity to make contact with important potential funding sources.

He acknowledges there is a lot of work to do, but the company has already made solid connections with industry partners, including third party organizations that would validate drivers’ credentials.

“We recently presented at the Blockchain In Transport Alliance and we received amazing response from all the trucking companies,” he said.

Terry Shaw, the executive director of the Manitoba Trucking Association said Jackfruit, which is a member of the association, has some “neat” technology.

The tag line for FleetOperate is “democratizing the transport industry.” Kuntavalli said they believe this is viable way of using technology to solve a people-problem.

Jeff Ryzner, the former CEO of North Forge Technology Exchange said it is a “driver-centric” problem that Jackfruit is trying to address.

“I think that when you offer something like that to the marketplace there is a greater chance it will succeed because it is focused on the people,” he said. “It gives the trucking companies and the drivers flexibility. Anything that will help increase the number of people willing to drive is a win for anyone looking to ship anything.”

martin.cash@freepress.mb.ca

Martin Cash

Martin Cash

Reporter

Martin Cash has been writing a column and business news at the Free Press since 1989. Over those years he’s written through a number of business cycles and the rise and fall (and rise) in fortunes of many local businesses.

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