The Cheesecake Factory (NASDAQ:CAKE) PT Lowered to $55.00

The Cheesecake Factory (NASDAQ:CAKE) had its target price decreased by stock analysts at Stephens from $60.00 to $55.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target would indicate a potential downside of 3.27% from the stock’s previous close.

CAKE has been the topic of a number of other research reports. Wells Fargo & Company upped their target price on shares of The Cheesecake Factory from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, April 29th. Telsey Advisory Group upped their target price on shares of The Cheesecake Factory from $62.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, April 29th. Zacks Investment Research cut shares of The Cheesecake Factory from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research report on Friday, June 4th. JPMorgan Chase & Co. upped their target price on shares of The Cheesecake Factory from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, April 12th. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their target price on shares of The Cheesecake Factory from $47.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, April 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $53.14.

Shares of CAKE stock opened at $56.86 on Wednesday. The firm’s 50-day moving average price is $58.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.55 and a current ratio of 0.62. The firm has a market cap of $2.64 billion, a PE ratio of -17.50, a price-to-earnings-growth ratio of 3.23 and a beta of 1.77. The Cheesecake Factory has a twelve month low of $19.78 and a twelve month high of $65.81.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, April 28th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.26. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $596.42 million. The Cheesecake Factory had a negative net margin of 5.68% and a negative return on equity of 20.30%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, analysts expect that The Cheesecake Factory will post 2.11 EPS for the current fiscal year.

In related news, insider Cheryl Slomann sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $61.57, for a total transaction of $461,775.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Eliot Clark sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $63.86, for a total transaction of $255,440.00. Following the sale, the chief financial officer now owns 18,370 shares in the company, valued at $1,173,108.20. The disclosure for this sale can be found here. Insiders have sold 95,160 shares of company stock worth $5,934,989 over the last quarter. Insiders own 8.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CAKE. FORA Capital LLC purchased a new stake in shares of The Cheesecake Factory during the first quarter worth approximately $54,000. Veriti Management LLC purchased a new stake in shares of The Cheesecake Factory during the fourth quarter worth approximately $61,000. First Mercantile Trust Co. purchased a new stake in shares of The Cheesecake Factory during the first quarter worth approximately $80,000. Nisa Investment Advisors LLC increased its stake in shares of The Cheesecake Factory by 38.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,435 shares of the restaurant operator’s stock worth $90,000 after buying an additional 680 shares during the period. Finally, Captrust Financial Advisors increased its stake in The Cheesecake Factory by 218.8% in the first quarter. Captrust Financial Advisors now owns 1,852 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,271 shares during the last quarter. Hedge funds and other institutional investors own 82.86% of the company’s stock.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants. The company produces cheesecakes and other baked products for its restaurants, international licensees, and third-party bakery customers, as well as external foodservice operators, retailers, and distributors. It owns and operates 294 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 27 The Cheesecake Factory restaurants under licensing agreements internationally.

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Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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