Canaccord Genuity reiterated their hold rating on shares of Cheesecake Factory (NASDAQ:CAKE) in a report issued on Monday morning. Canaccord Genuity currently has a $54.00 target price on the restaurant operator’s stock.

CAKE has been the subject of a number of other research reports. Wells Fargo & Co cut their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set a market perform rating for the company in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Cheesecake Factory from a sell rating to a hold rating in a research note on Friday, October 27th. Stephens dropped their price objective on shares of Cheesecake Factory from $48.00 to $45.00 and set an equal weight rating on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies increased their price objective on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an overweight rating in a research report on Monday. Finally, Maxim Group reissued a buy rating and issued a $57.00 price objective on shares of Cheesecake Factory in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. Cheesecake Factory presently has an average rating of Hold and an average price target of $48.56.

Shares of Cheesecake Factory (CAKE) traded up $0.06 during mid-day trading on Monday, reaching $48.18. 832,976 shares of the company’s stock were exchanged, compared to its average volume of 1,150,000. The firm has a market capitalization of $2,210.00, a PE ratio of 17.78, a P/E/G ratio of 1.31 and a beta of 0.33. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. research analysts expect that Cheesecake Factory will post 2.6 EPS for the current fiscal year.

In other Cheesecake Factory news, Director Herbert Simon purchased 25,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in CAKE. Tiedemann Wealth Management LLC grew its stake in Cheesecake Factory by 22.9% during the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock worth $134,000 after buying an additional 3,237 shares in the last quarter. Victory Capital Management Inc. grew its stake in Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after buying an additional 482 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Cheesecake Factory during the second quarter worth about $205,000. Finally, BlueMountain Capital Management LLC acquired a new stake in Cheesecake Factory during the second quarter worth about $243,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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About 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 Cheesecake Factory (NASDAQ:CAKE)

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