The Cheesecake Factory Inc. (NASDAQ:CAKE) has earned a consensus rating of “Hold” from the twenty brokerages that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.92.
CAKE has been the subject of a number of research reports. Zacks Investment Research raised The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday. Robert W. Baird reaffirmed a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, September 8th. Canaccord Genuity initiated coverage on The Cheesecake Factory in a report on Monday, August 22nd. They issued a “hold” rating and a $54.00 target price for the company. Barclays PLC lifted their target price on The Cheesecake Factory from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Finally, Stifel Nicolaus lowered The Cheesecake Factory from a “buy” rating to a “sell” rating and decreased their target price for the company from $65.00 to $43.00 in a report on Tuesday, July 26th.
In other news, CFO Doug Benn sold 6,512 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $53.00, for a total value of $345,136.00. Following the completion of the sale, the chief financial officer now directly owns 51,344 shares of the company’s stock, valued at approximately $2,721,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.50% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of CAKE. Landscape Capital Management L.L.C. purchased a new stake in The Cheesecake Factory during the first quarter valued at $1,493,000. Bessemer Group Inc. increased its stake in The Cheesecake Factory by 2,510.0% in the first quarter. Bessemer Group Inc. now owns 2,610 shares of the company’s stock valued at $139,000 after buying an additional 2,510 shares during the last quarter. Findlay Park Partners LLP increased its stake in The Cheesecake Factory by 2,875.7% in the first quarter. Findlay Park Partners LLP now owns 1,091,948 shares of the company’s stock valued at $57,972,000 after buying an additional 1,055,253 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in The Cheesecake Factory by 28.8% in the first quarter. BlackRock Japan Co. Ltd now owns 2,128 shares of the company’s stock valued at $113,000 after buying an additional 476 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in The Cheesecake Factory by 5.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,489,463 shares of the company’s stock valued at $79,076,000 after buying an additional 80,134 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
The Cheesecake Factory (NASDAQ:CAKE) opened at 49.59 on Tuesday. The stock has a 50 day moving average price of $51.28 and a 200-day moving average price of $50.94. The Cheesecake Factory has a one year low of $44.16 and a one year high of $55.53. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 19.78 and a beta of 0.45.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.07. The Cheesecake Factory had a return on equity of 22.04% and a net margin of 5.81%. The business earned $558.86 million during the quarter, compared to analysts’ expectations of $562.96 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, analysts predict that The Cheesecake Factory will post $2.75 earnings per share for the current fiscal year.
The Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.
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