The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “market perform” rating reiterated by equities researchers at Raymond James Financial, Inc. in a research note issued on Monday.
Other analysts have also recently issued reports about the stock. Maxim Group upgraded shares of The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, June 14th. Wedbush restated a “buy” rating on shares of The Cheesecake Factory in a report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and issued a $56.00 price target (down from $62.00) on shares of The Cheesecake Factory in a report on Wednesday, June 14th. Barclays PLC lowered their price target on shares of The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $56.76.
Shares of The Cheesecake Factory (NASDAQ CAKE) traded down 1.20% on Monday, hitting $49.25. 1,333,207 shares of the stock traded hands. The stock has a market cap of $2.27 billion, a P/E ratio of 17.22 and a beta of 0.33. The Cheesecake Factory has a 52-week low of $48.83 and a 52-week high of $67.14. The stock’s 50 day moving average price is $51.77 and its 200 day moving average price is $58.85.
The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The Cheesecake Factory had a net margin of 6.15% and a return on equity of 23.35%. The firm had revenue of $563.43 million during the quarter, compared to the consensus estimate of $565.42 million. On average, equities analysts expect that The Cheesecake Factory will post $2.86 EPS for the current fiscal year.
In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,424 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $59.09, for a total transaction of $379,594.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in The Cheesecake Factory by 21,381.3% in the first quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock worth $306,812,000 after buying an additional 4,819,766 shares in the last quarter. FMR LLC raised its position in The Cheesecake Factory by 445.8% in the first quarter. FMR LLC now owns 545,840 shares of the restaurant operator’s stock worth $34,584,000 after buying an additional 445,840 shares in the last quarter. Norges Bank acquired a new position in The Cheesecake Factory during the fourth quarter worth about $23,189,000. AQR Capital Management LLC raised its position in The Cheesecake Factory by 52.2% in the first quarter. AQR Capital Management LLC now owns 1,125,972 shares of the restaurant operator’s stock worth $71,342,000 after buying an additional 386,165 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in The Cheesecake Factory by 367.8% in the first quarter. UBS Asset Management Americas Inc. now owns 379,140 shares of the restaurant operator’s stock worth $24,022,000 after buying an additional 298,089 shares in the last quarter. 97.02% of the stock is owned by institutional investors.
About The Cheesecake Factory
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
