Cheesecake Factory (CAKE) Lowered to Hold at BidaskClub

Cheesecake Factory (NASDAQ:CAKE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other brokerages also recently commented on CAKE. UBS Group downgraded shares of Cheesecake Factory from a “buy” rating to a “neutral” rating in a report on Monday, October 15th. ValuEngine downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Maxim Group dropped their target price on shares of Cheesecake Factory from $57.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. TheStreet downgraded shares of Cheesecake Factory from a “b” rating to a “c+” rating in a report on Tuesday, October 30th. Finally, Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. Cheesecake Factory has a consensus rating of “Hold” and a consensus target price of $52.47.

Shares of CAKE stock opened at $46.68 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.45. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.34 and a beta of 0.31. Cheesecake Factory has a 52 week low of $43.26 and a 52 week high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $580.88 million for the quarter, compared to the consensus estimate of $585.44 million. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. On average, analysts forecast that Cheesecake Factory will post 2.44 EPS for the current year.

In other news, insider Cheryl Slomann sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $49.21, for a total transaction of $369,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CAKE. Itau Unibanco Holding S.A. bought a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $156,000. NumerixS Investment Technologies Inc grew its stake in shares of Cheesecake Factory by 2,900.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock worth $168,000 after acquiring an additional 2,900 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Cheesecake Factory by 452.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock worth $202,000 after acquiring an additional 18,432 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $226,000. Finally, Commonwealth Bank of Australia bought a new position in shares of Cheesecake Factory during the 3rd quarter worth approximately $256,000. 99.44% of the stock is owned by institutional investors.

Cheesecake Factory Company Profile

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 August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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