Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $47.00 at Robert W. Baird

Cheesecake Factory (NASDAQ:CAKE) had its target price lifted by investment analysts at Robert W. Baird from $40.00 to $47.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s target price points to a potential upside of 1.69% from the company’s previous close.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Citigroup raised their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, October 4th. Bank of America raised their price target on shares of Cheesecake Factory from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, UBS Group raised their price target on shares of Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.17.

Cheesecake Factory Stock Performance

Shares of CAKE stock opened at $46.22 on Wednesday. Cheesecake Factory has a one year low of $29.27 and a one year high of $49.75. The company’s 50-day moving average is $40.17 and its 200 day moving average is $38.41. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same period in the prior year, the firm posted $0.39 EPS. Cheesecake Factory’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts expect that Cheesecake Factory will post 3.21 EPS for the current fiscal year.

Institutional Trading of Cheesecake Factory

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Earnest Partners LLC grew its holdings in Cheesecake Factory by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock valued at $111,245,000 after buying an additional 76,578 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Cheesecake Factory by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator’s stock valued at $48,772,000 after buying an additional 43,128 shares in the last quarter. American Century Companies Inc. increased its stake in Cheesecake Factory by 31.1% in the 2nd quarter. American Century Companies Inc. now owns 942,694 shares of the restaurant operator’s stock worth $37,038,000 after acquiring an additional 223,497 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Cheesecake Factory by 8.0% during the 2nd quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock worth $32,191,000 after acquiring an additional 60,545 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Cheesecake Factory by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 530,497 shares of the restaurant operator’s stock worth $20,843,000 after acquiring an additional 3,872 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.