Cheesecake Factory’s (CAKE) Overweight Rating Reiterated at Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating restated by Stephens in a research note issued to investors on Thursday,Benzinga reports. They currently have a $60.00 price objective on the restaurant operator’s stock. Stephens’ price target would suggest a potential upside of 9.79% from the stock’s previous close.

Several other research firms also recently commented on CAKE. Oppenheimer raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Robert W. Baird increased their price objective on Cheesecake Factory from $52.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Finally, UBS Group increased their price objective on Cheesecake Factory from $36.00 to $41.00 and gave the company a “sell” rating in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.19.

Cheesecake Factory Trading Down 0.6 %

NASDAQ:CAKE opened at $54.65 on Thursday. Cheesecake Factory has a twelve month low of $33.05 and a twelve month high of $57.32. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $51.16 and a two-hundred day moving average price of $45.46. The company has a market cap of $2.79 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The firm had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.67 million. As a group, analysts expect that Cheesecake Factory will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Cheesecake Factory during the 3rd quarter worth $973,000. Principal Financial Group Inc. increased its position in Cheesecake Factory by 9.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after buying an additional 22,416 shares during the period. New Century Financial Group LLC bought a new position in Cheesecake Factory during the 4th quarter worth $1,142,000. Janney Montgomery Scott LLC bought a new position in Cheesecake Factory during the 4th quarter worth $270,000. Finally, Victory Capital Management Inc. increased its position in Cheesecake Factory by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after buying an additional 99,341 shares during the period. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Company Profile

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.