Cheesecake Factory (NASDAQ:CAKE) PT Raised to $32.00 at Barclays

Cheesecake Factory (NASDAQ:CAKE – Get Rating) had its price target hoisted by stock analysts at Barclays from $30.00 to $32.00 in a research note issued on Thursday, The Fly reports. Barclays‘s price objective points to a potential upside of 2.63% from the company’s previous close.

A number of other research firms have also recently commented on CAKE. Wedbush increased their price target on shares of Cheesecake Factory from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Gordon Haskett cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Stephens raised their target price on shares of Cheesecake Factory from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Raymond James lowered shares of Cheesecake Factory from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheesecake Factory from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus target price of $36.38.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $31.18 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.61 billion, a P/E ratio of 37.57, a P/E/G ratio of 2.34 and a beta of 1.43. The company’s 50 day moving average price is $33.88 and its two-hundred day moving average price is $35.24. Cheesecake Factory has a 52 week low of $26.05 and a 52 week high of $41.28.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $866.11 million during the quarter, compared to analyst estimates of $869.08 million. Cheesecake Factory had a net margin of 1.31% and a return on equity of 22.89%. During the same period in the previous year, the business earned $0.47 EPS. On average, equities analysts predict that Cheesecake Factory will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Wipfli Financial Advisors LLC acquired a new stake in Cheesecake Factory during the 3rd quarter worth approximately $43,000. AXA S.A. bought a new stake in Cheesecake Factory in the third quarter valued at $1,344,000. Factorial Partners LLC lifted its stake in Cheesecake Factory by 1.7% in the third quarter. Factorial Partners LLC now owns 30,500 shares of the restaurant operator’s stock valued at $893,000 after buying an additional 500 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Cheesecake Factory by 52,812.3% during the third quarter. Rockefeller Capital Management L.P. now owns 656,642 shares of the restaurant operator’s stock valued at $19,226,000 after purchasing an additional 655,401 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Cheesecake Factory by 123.6% during the third quarter. Russell Investments Group Ltd. now owns 112,218 shares of the restaurant operator’s stock valued at $3,284,000 after purchasing an additional 62,032 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Cheesecake Factory

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Cheesecake Factory, Inc engages in the operation of restaurant chains. It operates through The Cheesecake Factory, North Italia, Other FRC and Other segments. The Cheesecake Factory segment offers appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches and omelettes, and a selection of gluten-free items.