The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays PLC in a report released on Thursday, August 3rd, Marketbeat Ratings reports. They presently have a $48.00 price objective on the restaurant operator’s stock, down from their previous price objective of $53.00. Barclays PLC’s target price would suggest a potential upside of 10.70% from the company’s current price.
Several other brokerages also recently weighed in on CAKE. Zacks Investment Research raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Maxim Group reaffirmed a “hold” rating and issued a $65.00 price target (up previously from $59.00) on shares of The Cheesecake Factory in a research note on Monday, May 1st. Jefferies Group LLC raised shares of The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target on the stock in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “neutral” rating and issued a $57.00 price target (down previously from $60.00) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $56.00 price target (down previously from $62.00) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $54.78.
The Cheesecake Factory (CAKE) traded down 1.79% on Thursday, hitting $43.36. 920,730 shares of the stock were exchanged. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 15.17 and a beta of 0.31. The company has a 50-day moving average of $48.13 and a 200-day moving average of $57.21. The Cheesecake Factory has a 12 month low of $43.31 and a 12 month high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The business had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that The Cheesecake Factory will post $2.67 EPS for the current year.
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In other news, VP Debby R. Zurzolo sold 6,424 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.50% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares in the last quarter. Parallel Advisors LLC boosted its stake in The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after buying an additional 235 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock worth $130,000 after buying an additional 968 shares in the last quarter. Tyers Asset Management LLC boosted its stake in The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after buying an additional 22 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock worth $170,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.
The Cheesecake Factory Company Profile
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.
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