The Cheesecake Factory Inc. (NASDAQ:CAKE) Receives $54.92 Average Target Price from Analysts
Shares of The Cheesecake Factory Inc. (NASDAQ:CAKE) have received a consensus rating of “Hold” from the twenty brokerages that are covering the firm. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $54.92.
A number of research firms recently commented on CAKE. Zacks Investment Research cut The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Barclays PLC boosted their price target on The Cheesecake Factory from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Canaccord Genuity began coverage on The Cheesecake Factory in a report on Monday, August 22nd. They issued a “hold” rating and a $54.00 price target on the stock. Robert W. Baird reissued a “neutral” rating on shares of The Cheesecake Factory in a report on Thursday, September 8th. Finally, Stifel Nicolaus cut The Cheesecake Factory from a “buy” rating to a “sell” rating and lowered their price target for the stock from $65.00 to $43.00 in a report on Tuesday, July 26th.
In related news, CFO Doug Benn sold 6,512 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $53.00, for a total transaction of $345,136.00. Following the completion of the transaction, the chief financial officer now owns 51,344 shares in the company, valued at approximately $2,721,232. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Japan Co. Ltd boosted its position 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 worth $113,000 after buying an additional 476 shares during the last quarter. Victory Capital Management Inc. boosted its position in The Cheesecake Factory by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,191 shares of the company’s stock worth $105,000 after buying an additional 955 shares during the last quarter. Huntington National Bank boosted its position in The Cheesecake Factory by 93.1% in the second quarter. Huntington National Bank now owns 2,346 shares of the company’s stock worth $113,000 after buying an additional 1,131 shares during the last quarter. Bessemer Group Inc. boosted its position 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 worth $139,000 after buying an additional 2,510 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in The Cheesecake Factory by 66.1% in the second quarter. LS Investment Advisors LLC now owns 2,740 shares of the company’s stock worth $132,000 after buying an additional 1,090 shares during the last quarter. Institutional investors own 89.48% of the company’s stock.
Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at 49.59 on Tuesday. The Cheesecake Factory has a 1-year low of $44.16 and a 1-year high of $55.53. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 19.78 and a beta of 0.45. The stock’s 50 day moving average price is $51.28 and its 200-day moving average price is $50.94.
The Cheesecake Factory (NASDAQ:CAKE) last posted 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 firm had revenue of $558.86 million for the quarter, compared to analysts’ expectations of $562.96 million. During the same period in the previous year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that The Cheesecake Factory will post $2.75 earnings per share for the current 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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