The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives Consensus Rating of “Hold” from Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has earned an average rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $60.1176.

CAKE has been the topic of several research analyst reports. Bank of America dropped their price objective on Cheesecake Factory from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on Cheesecake Factory from $57.00 to $52.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings cut Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Stephens cut their price target on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Mizuho upped their price target on shares of Cheesecake Factory from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday.

Cheesecake Factory Trading Down 4.7%

CAKE opened at $58.69 on Friday. The firm’s fifty day moving average is $55.42 and its two-hundred day moving average is $55.21. The firm has a market cap of $2.93 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. Cheesecake Factory has a twelve month low of $42.69 and a twelve month high of $69.70. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.47 and a current ratio of 0.55.

Institutional Trading of Cheesecake Factory

A number of institutional investors have recently modified their holdings of the company. HRT Financial LP boosted its position in shares of Cheesecake Factory by 14.4% during the fourth quarter. HRT Financial LP now owns 230,145 shares of the restaurant operator’s stock worth $11,617,000 after buying an additional 28,898 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cheesecake Factory by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,213,106 shares of the restaurant operator’s stock worth $61,235,000 after acquiring an additional 5,910 shares in the last quarter. Swiss National Bank raised its holdings in shares of Cheesecake Factory by 2.3% in the fourth quarter. Swiss National Bank now owns 93,300 shares of the restaurant operator’s stock valued at $4,710,000 after purchasing an additional 2,100 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Cheesecake Factory by 61.2% in the fourth quarter. Deutsche Bank AG now owns 57,524 shares of the restaurant operator’s stock worth $2,904,000 after purchasing an additional 21,849 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Cheesecake Factory in the fourth quarter worth $215,000. 94.48% of the stock is currently owned by institutional investors.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.