The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Consensus Rating of “Hold” by Brokerages

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $49.93.

Several research analysts recently weighed in on CAKE shares. The Goldman Sachs Group raised their target price on Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James lifted their price objective on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Bank of America lifted their price target on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on Cheesecake Factory from $36.00 to $41.00 and gave the company a “sell” rating in a research report on Tuesday, January 7th. Finally, Wedbush lifted their target price on Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Cheesecake Factory Stock Performance

Shares of NASDAQ CAKE opened at $53.31 on Monday. Cheesecake Factory has a 1 year low of $33.05 and a 1 year high of $57.32. The firm has a market cap of $2.72 billion, a P/E ratio of 20.27, a PEG ratio of 1.33 and a beta of 1.51. The stock has a fifty day moving average price of $50.47 and a two-hundred day moving average price of $44.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC purchased a new position in shares of Cheesecake Factory during the 3rd quarter valued at $973,000. Principal Financial Group Inc. boosted its position in Cheesecake Factory by 9.6% during the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock valued at $10,364,000 after purchasing an additional 22,416 shares during the last quarter. New Century Financial Group LLC purchased a new position in Cheesecake Factory in the fourth quarter valued at about $1,142,000. Victory Capital Management Inc. increased its position in Cheesecake Factory by 32.7% in the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after purchasing an additional 99,341 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Cheesecake Factory by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,118,549 shares of the restaurant operator’s stock worth $45,365,000 after purchasing an additional 12,493 shares in the last quarter. Institutional investors and hedge funds 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.