The Cheesecake Factory Incorporated (CAKE) Stock Rating Reaffirmed by BTIG Research
The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a report released on Wednesday. They currently have a $50.00 price objective on the restaurant operator’s stock. BTIG Research’s target price would indicate a potential upside of 21.62% from the company’s previous close.
A number of other equities research analysts also recently weighed in on CAKE. Jefferies Group LLC raised The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target for the company in a research note on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Telsey Advisory Group cut their price target on The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, June 14th. Maxim Group raised The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $55.00 price target (down from $61.50) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Three 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 has a consensus rating of “Hold” and a consensus price target of $53.44.
Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at 41.11 on Wednesday. The stock has a market cap of $1.89 billion, a PE ratio of 14.38 and a beta of 0.34. The Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14. The stock’s 50 day moving average price is $42.34 and its 200-day moving average price is $53.85.
The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The company had revenue of $569.87 million during the quarter, compared to the consensus estimate of $573.12 million. During the same period last year, the business earned $0.78 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that The Cheesecake Factory will post $2.66 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN grew its holdings in The Cheesecake Factory by 0.4% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,017,927 shares of the restaurant operator’s stock valued at $51,202,000 after buying an additional 4,215 shares during the last quarter. Koch Industries Inc. acquired a new stake in The Cheesecake Factory in the 2nd quarter valued at approximately $353,000. Verition Fund Management LLC grew its holdings in The Cheesecake Factory by 148.1% in the 2nd quarter. Verition Fund Management LLC now owns 11,442 shares of the restaurant operator’s stock valued at $576,000 after buying an additional 6,831 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in The Cheesecake Factory in the 2nd quarter valued at approximately $357,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in The Cheesecake Factory in the 2nd quarter valued at approximately $205,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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