Cheesecake Factory (NASDAQ:CAKE) Given New $43.00 Price Target at Deutsche Bank Aktiengesellschaft

Cheesecake Factory (NASDAQ:CAKEGet Rating) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $47.00 to $43.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 16.66% from the company’s previous close.

CAKE has been the topic of a number of other research reports. Morgan Stanley dropped their price target on Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a research report on Thursday, April 14th. Stephens upped their price objective on shares of Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 17th. Wedbush lifted their target price on shares of Cheesecake Factory from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 17th. Piper Sandler downgraded shares of Cheesecake Factory from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $65.00 to $44.00 in a report on Monday, January 3rd. Finally, Citigroup began coverage on shares of Cheesecake Factory in a research note on Tuesday, April 12th. They issued a “buy” rating and a $52.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.07.

Shares of NASDAQ:CAKE opened at $36.86 on Thursday. The company has a market capitalization of $1.94 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 1.53 and a beta of 1.47. The company’s 50-day moving average is $38.06 and its 200 day moving average is $39.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.57 and a current ratio of 0.64. Cheesecake Factory has a fifty-two week low of $31.43 and a fifty-two week high of $65.81.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last released its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). Cheesecake Factory had a net margin of 2.47% and a return on equity of 37.60%. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, research analysts predict that Cheesecake Factory will post 2.95 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its stake in Cheesecake Factory by 1,743.2% in the 4th quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 645 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Cheesecake Factory during the fourth quarter valued at about $44,000. Eagle Bay Advisors LLC lifted its stake in Cheesecake Factory by 97,000.0% during the third quarter. Eagle Bay Advisors LLC now owns 971 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 970 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Cheesecake Factory by 30.1% in the 4th quarter. Advisors Asset Management Inc. now owns 1,365 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 316 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Cheesecake Factory by 271.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 1,376 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

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.

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