The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “hold” rating reiterated by analysts at Canaccord Genuity in a note issued to investors on Friday.

CAKE has been the subject of a number of other reports. Argus downgraded The Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Monday, May 8th. Barclays PLC decreased their price objective on The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, July 19th. BidaskClub downgraded The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Nomura initiated coverage on The Cheesecake Factory in a report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.18.

Shares of The Cheesecake Factory (CAKE) traded up 2.13% during midday trading on Friday, hitting $45.13. The stock had a trading volume of 1,889,752 shares. The Cheesecake Factory has a one year low of $44.02 and a one year high of $67.14. The firm’s 50-day moving average is $50.13 and its 200 day moving average is $58.36. The company has a market capitalization of $2.08 billion, a PE ratio of 15.79 and a beta of 0.31.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million during the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The Cheesecake Factory’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Equities analysts expect that The Cheesecake Factory will post $2.67 earnings per share for the current fiscal year.

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In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,424 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $59.09, for a total value of $379,594.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HCR Wealth Advisors boosted its stake in The Cheesecake Factory by 0.3% in the first quarter. HCR Wealth Advisors now owns 4,498 shares of the restaurant operator’s stock worth $285,000 after buying an additional 14 shares during the last quarter. Alps Advisors Inc. boosted its stake in The Cheesecake Factory by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,791 shares of the restaurant operator’s stock worth $392,000 after buying an additional 20 shares during the last quarter. Tyers Asset Management LLC boosted its stake in The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after buying an additional 22 shares during the last quarter. Bank of Montreal Can boosted its stake in The Cheesecake Factory by 0.5% in the second quarter. Bank of Montreal Can now owns 5,152 shares of the restaurant operator’s stock worth $259,000 after buying an additional 24 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock worth $170,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

The 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.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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