Cheesecake Factory (NASDAQ:CAKE – Get Rating) had its price target lowered by Deutsche Bank Aktiengesellschaft from $43.00 to $35.00 in a note issued to investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 26.31% from the company’s current price.
A number of other analysts have also recently issued reports on the company. StockNews.com started coverage on Cheesecake Factory in a report on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup lowered their price target on Cheesecake Factory from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Piper Sandler lowered their price target on Cheesecake Factory from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, June 13th. Barclays lowered their price target on Cheesecake Factory from $39.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, June 9th. Finally, Morgan Stanley lowered their price target on Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.83.
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable.
I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually).
I grew my $50K into $5.3M
CAKE stock opened at $27.71 on Tuesday. The stock has a fifty day moving average of $31.63 and a 200-day moving average of $35.90. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.62. Cheesecake Factory has a fifty-two week low of $26.12 and a fifty-two week high of $55.31.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $793.71 million for the quarter, compared to analysts’ expectations 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 posted $0.20 EPS. Equities analysts predict that Cheesecake Factory will post 2.84 EPS for the current year.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Cheesecake Factory by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 5,387,902 shares of the restaurant operator’s stock valued at $214,385,000 after purchasing an additional 107,399 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in Cheesecake Factory by 32.5% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,816,789 shares of the restaurant operator’s stock worth $72,290,000 after acquiring an additional 445,208 shares during the last quarter. State Street Corp grew its position in Cheesecake Factory by 4.0% during the 1st quarter. State Street Corp now owns 1,721,492 shares of the restaurant operator’s stock worth $68,498,000 after acquiring an additional 65,774 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cheesecake Factory by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,044,691 shares of the restaurant operator’s stock worth $41,565,000 after acquiring an additional 42,901 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Cheesecake Factory by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 818,673 shares of the restaurant operator’s stock worth $32,051,000 after acquiring an additional 20,106 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
About Cheesecake Factory (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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