Cheesecake Factory (NASDAQ:CAKE) had its price objective decreased by Wedbush from $50.00 to $45.00 in a report issued on Thursday, The Fly reports. Wedbush currently has a neutral rating on the restaurant operator’s stock.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated an overweight rating on shares of in a report on Friday, June 28th. Raymond James cut RioCan Real Estate Investment Trust to a hold rating in a report on Monday, July 15th. UBS Group restated a hold rating and set a $7.80 price objective on shares of Deutsche Bank in a report on Friday, April 26th. Barclays boosted their price target on Black Knight from $56.00 to $66.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Finally, ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $51.07.
Shares of Cheesecake Factory stock opened at $43.95 on Thursday. The firm has a market cap of $1.99 billion, a P/E ratio of 18.09, a PEG ratio of 1.28 and a beta of 0.43. Cheesecake Factory has a 12 month low of $41.63 and a 12 month high of $60.19. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.35 and a quick ratio of 0.26. The business’s fifty day simple moving average is $44.05.
Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $599.48 million for the quarter, compared to the consensus estimate of $603.03 million. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Equities research analysts predict that Cheesecake Factory will post 2.65 EPS for the current fiscal year.
In related news, Director Laurence B. Mindel acquired 1,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were bought at an average price of $49.64 per share, with a total value of $74,460.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edie A. Ames acquired 700 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $47.18 per share, for a total transaction of $33,026.00. Following the transaction, the director now directly owns 3,130 shares in the company, valued at $147,673.40. The disclosure for this purchase can be found here. Insiders have acquired 4,200 shares of company stock worth $202,486 in the last ninety days. Insiders own 8.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CAKE. APG Asset Management N.V. raised its holdings in shares of Cheesecake Factory by 217.3% in the 4th quarter. APG Asset Management N.V. now owns 223,700 shares of the restaurant operator’s stock worth $8,514,000 after acquiring an additional 153,200 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Cheesecake Factory by 1,134.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,012 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 930 shares during the last quarter. Victory Capital Management Inc. increased its stake in Cheesecake Factory by 50.3% in the 1st quarter. Victory Capital Management Inc. now owns 30,474 shares of the restaurant operator’s stock valued at $1,491,000 after buying an additional 10,200 shares during the last quarter. Gagnon Securities LLC increased its stake in Cheesecake Factory by 2.6% in the 1st quarter. Gagnon Securities LLC now owns 16,596 shares of the restaurant operator’s stock valued at $812,000 after buying an additional 426 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Cheesecake Factory by 110.7% in the 4th quarter. Deutsche Bank AG now owns 461,656 shares of the restaurant operator’s stock valued at $20,084,000 after buying an additional 242,602 shares during the last quarter. 98.26% of the stock is currently owned by institutional investors.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
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