The Cheesecake Factory (NASDAQ:CAKE) Upgraded to Buy at BidaskClub

The Cheesecake Factory (NASDAQ:CAKE) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, April 10th.

Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of The Cheesecake Factory from a “c+” rating to a “b” rating in a research note on Friday, January 5th. BTIG Research boosted their price target on shares of The Cheesecake Factory to $55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Zacks Investment Research raised shares of The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, February 6th. Barclays upped their target price on shares of The Cheesecake Factory from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price target (down previously from $50.00) on shares of The Cheesecake Factory in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.18.

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The Cheesecake Factory stock opened at $52.53 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2,402.85, a PE ratio of 20.21, a PEG ratio of 1.33 and a beta of 0.29. The Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14.



The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. The Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. equities research analysts predict that The Cheesecake Factory will post 2.72 earnings per share for the current fiscal year.

In other The Cheesecake Factory news, insider Cheryl Slomann sold 5,500 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $49.87, for a total transaction of $274,285.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of The Cheesecake Factory by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,729,444 shares of the restaurant operator’s stock worth $83,324,000 after purchasing an additional 74,729 shares during the period. Macquarie Group Ltd. grew its position in The Cheesecake Factory by 2.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,488,457 shares of the restaurant operator’s stock valued at $71,714,000 after acquiring an additional 35,071 shares during the last quarter. Dimensional Fund Advisors LP grew its position in The Cheesecake Factory by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,377 shares of the restaurant operator’s stock valued at $55,698,000 after acquiring an additional 106,475 shares during the last quarter. Deutsche Bank AG grew its position in The Cheesecake Factory by 62.3% in the fourth quarter. Deutsche Bank AG now owns 1,006,212 shares of the restaurant operator’s stock valued at $48,478,000 after acquiring an additional 386,415 shares during the last quarter. Finally, Bamco Inc. NY grew its position in The Cheesecake Factory by 42.3% in the third quarter. Bamco Inc. NY now owns 925,000 shares of the restaurant operator’s stock valued at $38,961,000 after acquiring an additional 275,000 shares during the last quarter. 97.62% of the stock is owned by institutional investors.

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About The Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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