Cheesecake Factory’s (CAKE) Overweight Rating Reiterated at Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating reiterated by research analysts at Stephens in a report released on Thursday, Benzinga reports. They presently have a $44.00 price objective on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 29.53% from the stock’s current price.

CAKE has been the subject of several other reports. Piper Sandler boosted their target price on shares of Cheesecake Factory from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. JPMorgan Chase & Co. cut Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Tuesday, January 23rd. Robert W. Baird lifted their price objective on Cheesecake Factory from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays increased their target price on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.83.

Cheesecake Factory Trading Down 0.1 %

Shares of CAKE stock opened at $33.97 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. Cheesecake Factory has a 12-month low of $28.58 and a 12-month high of $38.19. The stock has a market capitalization of $1.73 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.12 and a beta of 1.48. The firm’s 50 day moving average is $35.14 and its 200 day moving average is $33.97.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.10. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The firm had revenue of $891.22 million for the quarter, compared to analysts’ expectations of $890.49 million. During the same period in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Cheesecake Factory will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On Cheesecake Factory

Several institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC purchased a new position in shares of Cheesecake Factory in the 3rd quarter valued at about $25,000. Allspring Global Investments Holdings LLC grew its holdings in Cheesecake Factory by 2,360.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 661 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Cheesecake Factory in the fourth quarter valued at approximately $26,000. Quadrant Capital Group LLC raised its stake in shares of Cheesecake Factory by 48.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock worth $55,000 after buying an additional 511 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Cheesecake Factory during the 3rd quarter valued at approximately $70,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.