Cheesecake Factory (NASDAQ:CAKE) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 16th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Cheesecake Factory stock opened at $39.08 on Wednesday. The stock has a market capitalization of $2.04 billion, a PE ratio of 300.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. Cheesecake Factory has a 12 month low of $33.42 and a 12 month high of $65.81. The business has a 50 day simple moving average of $38.43 and a 200-day simple moving average of $42.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.56 and a quick ratio of 0.48.
An institutional investor recently raised its position in Cheesecake Factory stock. Morgan Stanley lifted its holdings in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 356,633 shares of the restaurant operator’s stock after purchasing an additional 23,808 shares during the quarter. Morgan Stanley owned about 0.68% of Cheesecake Factory worth $19,322,000 as of its most recent SEC filing. 76.60% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on CAKE shares. Barclays lowered their price objective on Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 15th. Wells Fargo & Company decreased their price target on Cheesecake Factory from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, November 4th. Credit Suisse Group upped their price target on Cheesecake Factory from $52.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 4th. Raymond James decreased their price target on Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 26th. Finally, Wedbush decreased their price target on Cheesecake Factory from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.64.
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Cheesecake Factory Company Profile
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.
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