The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “buy” rating restated by equities researchers at Maxim Group in a note issued to investors on Tuesday. They presently have a $57.00 price objective on the restaurant operator’s stock. Maxim Group’s price objective indicates a potential upside of 40.08% from the company’s current price.

CAKE has been the topic of several other reports. Barclays PLC reaffirmed an “equal weight” rating and set a $48.00 price target (down from $53.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Robert W. Baird set a $49.00 price target on shares of The Cheesecake Factory and gave the company a “hold” rating in a report on Thursday, August 3rd. Telsey Advisory Group decreased their price target on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, June 14th. Stephens reaffirmed an “equal weight” rating and set a $48.00 price target (down from $55.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “hold” rating and set a $60.00 target price on shares of The Cheesecake Factory in a report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.44.

The Cheesecake Factory (CAKE) opened at 40.69 on Tuesday. The company has a 50-day moving average of $43.49 and a 200 day moving average of $54.60. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.23 and a beta of 0.34. The Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $569.87 million for the quarter, compared to analyst estimates of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, analysts anticipate that The Cheesecake Factory will post $2.66 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CAKE. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Cheesecake Factory by 32.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 395 shares during the period. Parallel Advisors LLC lifted its position in shares of The Cheesecake Factory by 13.5% in the 1st quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after purchasing an additional 235 shares during the period. Tyers Asset Management LLC lifted its position in shares of The Cheesecake Factory by 1.1% in the 1st quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 22 shares during the period. Victory Capital Management Inc. lifted its position in shares of The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 482 shares during the period. Finally, Flinton Capital Management LLC lifted its position in shares of The Cheesecake Factory by 1.1% in the 1st quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock worth $170,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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