The Goldman Sachs Group Boosts Cheesecake Factory (NASDAQ:CAKE) Price Target to $64.00

Cheesecake Factory (NASDAQ:CAKE) had its target price raised by analysts at The Goldman Sachs Group from $56.00 to $64.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 20.05% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Bank of America increased their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com cut Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Jefferies Financial Group increased their target price on Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. Stephens raised their target price on Cheesecake Factory from $51.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus price target of $49.93.

Cheesecake Factory Trading Down 4.1 %

Shares of CAKE stock opened at $53.31 on Thursday. Cheesecake Factory has a 1-year low of $33.05 and a 1-year high of $57.32. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.35 and a beta of 1.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $50.47 and a 200-day simple moving average of $44.32.

Institutional Trading of Cheesecake Factory

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Cheesecake Factory in the fourth quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in shares of Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Cheesecake Factory during the 4th quarter worth $43,000. Venturi Wealth Management LLC increased its position in shares of Cheesecake Factory by 1,149.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV raised its holdings in Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 741 shares during the period. 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.