Piper Sandler Lowers Cheesecake Factory (NASDAQ:CAKE) Price Target to $38.00

Cheesecake Factory (NASDAQ:CAKEGet Rating) had its target price lowered by equities research analysts at Piper Sandler from $44.00 to $38.00 in a research note issued to investors on Monday, The Fly reports. Piper Sandler’s price objective points to a potential upside of 24.67% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Cheesecake Factory from $47.00 to $43.00 in a research note on Thursday, April 28th. Stephens increased their price target on Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 17th. Barclays dropped their price target on Cheesecake Factory from $39.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday. Morgan Stanley dropped their price target on Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday, April 14th. Finally, StockNews.com assumed coverage on Cheesecake Factory in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $48.25.

NASDAQ CAKE opened at $30.48 on Monday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.42. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $34.61 and a 200-day moving average price of $37.23. Cheesecake Factory has a twelve month low of $27.42 and a twelve month high of $58.10.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $793.71 million during the quarter, compared to the consensus estimate of $782.10 million. Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. During the same period last year, the company earned $0.20 EPS. Research analysts expect that Cheesecake Factory will post 2.84 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management raised its holdings in shares of Cheesecake Factory by 1,743.2% in the fourth quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock worth $27,000 after buying an additional 645 shares during the period. Tcwp LLC purchased a new position in Cheesecake Factory during the 1st quarter worth $43,000. Neo Ivy Capital Management purchased a new position in Cheesecake Factory during the 4th quarter worth $44,000. Advisors Asset Management Inc. increased its holdings in Cheesecake Factory by 30.1% during 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 during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in 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 worth $74,000 after purchasing an additional 1,376 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Cheesecake Factory Company Profile (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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