Brokerages Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) Price Target at $51.36

The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) has earned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $51.36.

CAKE has been the subject of a number of research analyst reports. Piper Sandler cut shares of Cheesecake Factory from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $65.00 to $44.00 in a research report on Monday, January 3rd. Wedbush raised their price target on shares of Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 17th. StockNews.com initiated coverage on shares of Cheesecake Factory in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James decreased their price target on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Finally, Citigroup initiated coverage on shares of Cheesecake Factory in a research report on Tuesday, April 12th. They issued a “buy” rating and a $52.00 price target for the company.

A number of large investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC raised its stake in Cheesecake Factory by 32.5% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,816,789 shares of the restaurant operator’s stock worth $72,290,000 after acquiring an additional 445,208 shares in the last quarter. Yarbrough Capital LLC raised its stake in Cheesecake Factory by 28.8% during the 1st quarter. Yarbrough Capital LLC now owns 9,185 shares of the restaurant operator’s stock worth $365,000 after acquiring an additional 2,056 shares in the last quarter. Everence Capital Management Inc. raised its stake in Cheesecake Factory by 56.6% during the 1st quarter. Everence Capital Management Inc. now owns 8,880 shares of the restaurant operator’s stock worth $353,000 after acquiring an additional 3,210 shares in the last quarter. American Trust acquired a new stake in Cheesecake Factory during the 4th quarter worth $264,000. Finally, Evergreen Capital Management LLC acquired a new stake in Cheesecake Factory during the 4th quarter worth $304,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Cheesecake Factory stock opened at $36.77 on Friday. The firm has a 50 day simple moving average of $38.48 and a 200-day simple moving average of $39.93. Cheesecake Factory has a 1-year low of $31.43 and a 1-year high of $65.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.10). Cheesecake Factory had a net margin of 2.47% and a return on equity of 37.60%. The firm had revenue of $776.69 million during the quarter, compared to analysts’ expectations of $774.52 million. During the same period last year, the company earned ($0.32) EPS. The business’s quarterly revenue was up 40.1% on a year-over-year basis. Equities analysts expect that Cheesecake Factory will post 2.96 earnings per share for the current fiscal year.

About Cheesecake Factory (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

Featured Articles

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.