The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a note issued to investors on Wednesday. They currently have a $48.00 price target on the restaurant operator’s stock, down from their prior price target of $55.00. Stephens’ price target suggests a potential upside of 6.81% from the company’s current price.

CAKE has been the subject of several other research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $60.00 target price on shares of The Cheesecake Factory in a report on Friday, June 16th. BidaskClub downgraded shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Instinet initiated coverage on shares of The Cheesecake Factory in a report on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 target price for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $48.00 target price (down previously from $53.00) on shares of The Cheesecake Factory in a report on Thursday, August 3rd. Finally, Robert W. Baird set a $49.00 target price on shares of The Cheesecake Factory and gave the stock a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $54.78.

The Cheesecake Factory (NASDAQ:CAKE) traded down 0.13% on Wednesday, reaching $44.87. The company’s stock had a trading volume of 744,700 shares. The Cheesecake Factory has a 52-week low of $44.02 and a 52-week high of $67.14. The company has a market cap of $2.07 billion, a P/E ratio of 15.69 and a beta of 0.31. The firm’s 50-day moving average price is $49.50 and its 200 day moving average price is $58.08.

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

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In related news, VP Debby R. Zurzolo sold 6,424 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares during the period. TrimTabs Asset Management LLC raised its stake in The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock worth $130,000 after buying an additional 968 shares during the period. Parallel Advisors LLC raised its stake in The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after buying an additional 235 shares during the period. Tyers Asset Management LLC raised 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 period. Finally, Victory Capital Management Inc. raised its stake in The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after buying an additional 482 shares during the period. 96.40% of the stock is currently owned by institutional investors.

About The 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.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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