Canaccord Genuity reissued their hold rating on shares of Cheesecake Factory (NASDAQ:CAKE) in a research report sent to investors on Monday, January 8th. Canaccord Genuity currently has a $54.00 price objective on the restaurant operator’s stock.
CAKE has been the topic of a number of other reports. Wells Fargo & Co decreased their price objective on shares of Cheesecake Factory from $46.00 to $43.00 and set a market perform rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Cheesecake Factory from a sell rating to a hold rating in a research note on Friday, October 27th. Piper Jaffray Companies boosted their target price on shares of Cheesecake Factory from $45.00 to $52.00 and gave the stock an overweight rating in a research note on Monday, January 8th. Stephens cut their price target on shares of Cheesecake Factory from $48.00 to $45.00 and set an equal weight rating on the stock in a report on Wednesday, October 11th. Finally, Maxim Group reiterated a buy rating and set a $57.00 price target on shares of Cheesecake Factory in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $48.88.
Shares of Cheesecake Factory (NASDAQ CAKE) opened at $49.33 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2,330.01, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.30 and a beta of 0.33. Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results 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). The business had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. sell-side analysts anticipate that Cheesecake Factory will post 2.6 EPS for the current fiscal year.
In other Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total value of $103,193.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herbert Simon acquired 25,000 shares of Cheesecake Factory stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $43.50 per share, with a total value of $1,087,500.00. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Perennial Advisors LLC grew its position in shares of Cheesecake Factory by 123.1% during the 4th quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 1,600 shares during the period. Victory Capital Management Inc. grew its position in shares of Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 482 shares during the period. Riverhead Capital Management LLC grew its position in shares of Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Cheesecake Factory during the 2nd quarter valued at approximately $205,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Cheesecake Factory during the 2nd quarter valued at approximately $243,000. 99.27% of the stock is owned by hedge funds and other institutional investors.
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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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