Cheesecake Factory Inc (NASDAQ:CAKE) has earned an average recommendation of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $48.56.
Several equities research analysts have recently issued reports on CAKE shares. Barclays lowered their price objective on shares of Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Co lowered 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. Wedbush downgraded shares of Cheesecake Factory from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $44.00 in a research note on Tuesday, September 26th. Canaccord Genuity lowered their price objective on shares of Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, November 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $46.00 price objective on shares of Cheesecake Factory in a research note on Friday, November 3rd.
Shares of Cheesecake Factory (NASDAQ:CAKE) traded up $0.06 during trading on Tuesday, hitting $48.18. 832,976 shares of the stock traded hands, compared to its average volume of 1,150,000. The firm has a market capitalization of $2,210.00, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.31 and a beta of 0.33. 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 twelve month low of $38.34 and a twelve month high of $67.14.
Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 EPS. analysts anticipate that Cheesecake Factory will post 2.6 earnings per share for the current year.
In other Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of Cheesecake Factory stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herbert Simon acquired 25,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought 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. 8.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CAKE. Tiedemann Wealth Management LLC lifted its holdings in shares of Cheesecake Factory by 22.9% during the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 3,237 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Cheesecake Factory by 17.6% during the second 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 lifted its holdings in shares of Cheesecake Factory by 105.5% during the second 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 second quarter valued at $205,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Cheesecake Factory during the second quarter valued at $243,000. 97.47% of the stock is owned by 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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