Cheesecake Factory (CAKE) Rating Lowered to Sell at BidaskClub

Cheesecake Factory (NASDAQ:CAKE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other analysts have also issued reports on the stock. TheStreet upgraded shares of Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Wedbush lowered shares of Cheesecake Factory from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $52.00 to $44.00 in a research report on Tuesday, September 26th. BTIG Research reiterated a “buy” rating and issued a $50.00 target price on shares of Cheesecake Factory in a research report on Wednesday, September 20th. Finally, Nomura dropped their target price on shares of Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.81.

Cheesecake Factory (CAKE) opened at $48.34 on Thursday. Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. The firm has a market cap of $2,210.00, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.23 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. equities research analysts expect that Cheesecake Factory will post 2.6 EPS for the current fiscal year.

In related news, VP Debby R. Zurzolo sold 2,306 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Herbert Simon purchased 25,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.

A number of large investors have recently bought and sold shares of CAKE. Schwab Charles Investment Management Inc. boosted its holdings in Cheesecake Factory by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 304,130 shares of the restaurant operator’s stock valued at $15,298,000 after purchasing an additional 10,866 shares during the last quarter. Legal & General Group Plc boosted its holdings in Cheesecake Factory by 19.8% in the 2nd quarter. Legal & General Group Plc now owns 34,315 shares of the restaurant operator’s stock valued at $1,728,000 after purchasing an additional 5,667 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Cheesecake Factory by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 30,389 shares of the restaurant operator’s stock valued at $1,529,000 after purchasing an additional 256 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Cheesecake Factory by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 219,251 shares of the restaurant operator’s stock valued at $11,028,000 after purchasing an additional 7,383 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Cheesecake Factory (CAKE) Rating Lowered to Sell at BidaskClub” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/20/cheesecake-factory-cake-rating-lowered-to-sell-at-bidaskclub.html.

About 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.

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply