The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “buy” rating reaffirmed by research analysts at BTIG Research in a research report issued to clients and investors on Wednesday. They presently have a $50.00 target price on the restaurant operator’s stock. BTIG Research’s price objective would suggest a potential upside of 19.53% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Telsey Advisory Group cut their price objective on shares of The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 14th. TheStreet cut shares of The Cheesecake Factory from a “b-” rating to a “c+” rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut their price objective on shares of The Cheesecake Factory from $56.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, June 21st. Nomura initiated coverage on shares of The Cheesecake Factory in a research report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Finally, Instinet initiated coverage on shares of The Cheesecake Factory in a research report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $53.44.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 2.75% during midday trading on Wednesday, reaching $41.83. 1,682,501 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $42.34 and its 200-day moving average is $53.85. The Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The stock has a market cap of $1.92 billion, a PE ratio of 14.63 and a beta of 0.34.

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

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A number of large investors have recently added to or reduced their stakes in CAKE. Bank of Montreal Can lifted its stake in The Cheesecake Factory by 14.7% in the first quarter. Bank of Montreal Can now owns 5,128 shares of the restaurant operator’s stock worth $325,000 after acquiring an additional 659 shares during the period. Great West Life Assurance Co. Can lifted its stake in The Cheesecake Factory by 5.2% in the first quarter. Great West Life Assurance Co. Can now owns 26,829 shares of the restaurant operator’s stock worth $1,699,000 after acquiring an additional 1,321 shares during the period. State Treasurer State of Michigan lifted its stake in The Cheesecake Factory by 1.1% in the first quarter. State Treasurer State of Michigan now owns 17,999 shares of the restaurant operator’s stock worth $1,140,000 after acquiring an additional 200 shares during the period. US Bancorp DE lifted its stake in The Cheesecake Factory by 2.4% in the first quarter. US Bancorp DE now owns 14,889 shares of the restaurant operator’s stock worth $943,000 after acquiring an additional 356 shares during the period. Finally, Comerica Bank lifted its stake in The Cheesecake Factory by 4.8% in the first quarter. Comerica Bank now owns 27,236 shares of the restaurant operator’s stock worth $1,763,000 after acquiring an additional 1,249 shares during the period. 96.22% of the stock is owned by institutional investors.

About The Cheesecake Factory

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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