Cheesecake Factory Inc (NASDAQ:CAKE) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $48.56.
A number of analysts recently commented on the stock. Canaccord Genuity restated a “hold” rating and issued a $54.00 price objective on shares of Cheesecake Factory in a research report on Monday. Piper Jaffray Companies upped their price objective on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday. Zacks Investment Research upgraded Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Robert W. Baird reiterated a “hold” rating and set a $46.00 target price on shares of Cheesecake Factory in a report on Friday, November 3rd. Finally, Barclays lowered their target price on Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd.
Cheesecake Factory (CAKE) traded down $1.08 on Tuesday, hitting $47.42. 995,237 shares of the company were exchanged, compared to its average volume of 1,140,000. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. Cheesecake Factory has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a market cap of $2,170.00, a PE ratio of 17.50, a P/E/G ratio of 1.31 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 EPS for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $566.09 million. During the same quarter in the prior year, the company earned $0.70 EPS. Cheesecake Factory’s quarterly revenue was down .8% on a year-over-year basis. research analysts predict that Cheesecake Factory will post 2.6 earnings per share for the current year.
In other news, Director Herbert Simon bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Debby R. Zurzolo sold 2,415 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
A number of large investors have recently modified their holdings of CAKE. Schwab Charles Investment Management Inc. lifted its stake 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 lifted its stake 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. Comerica Bank lifted its stake in Cheesecake Factory by 1.4% in the 2nd quarter. Comerica Bank now owns 27,617 shares of the restaurant operator’s stock valued at $1,360,000 after purchasing an additional 381 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Cheesecake Factory by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 34,552 shares of the restaurant operator’s stock worth $1,738,000 after acquiring an additional 126 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.
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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.
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