Cheesecake Factory (NASDAQ:CAKE) had its target price lowered by stock analysts at Raymond James from $52.50 to $48.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Raymond James’ price target would suggest a potential upside of 26.72% from the company’s current price.
CAKE has been the subject of several other research reports. Barclays decreased their price objective on shares of Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, December 15th. Wells Fargo & Company reduced their price objective on shares of Cheesecake Factory from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, November 4th. Piper Sandler cut shares of Cheesecake Factory from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $65.00 to $44.00 in a report on Monday, January 3rd. Stephens raised shares of Cheesecake Factory from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $53.00 to $47.00 in a research note on Wednesday, January 5th. Finally, Credit Suisse Group lifted their target price on shares of Cheesecake Factory from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, November 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $50.64.
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Shares of Cheesecake Factory stock opened at $37.88 on Wednesday. The stock has a market cap of $1.98 billion, a P/E ratio of 291.41, a P/E/G ratio of 1.38 and a beta of 1.58. The stock’s 50 day simple moving average is $39.36 and its 200-day simple moving average is $43.38. Cheesecake Factory has a 1-year low of $33.74 and a 1-year high of $65.81. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.56 and a quick ratio of 0.48.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, November 3rd. The restaurant operator reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Cheesecake Factory had a return on equity of 25.01% and a net margin of 1.40%. The firm had revenue of $754.50 million for the quarter, compared to analyst estimates of $763.45 million. During the same quarter last year, the company earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 45.7% on a year-over-year basis. As a group, research analysts expect that Cheesecake Factory will post 2.26 EPS for the current fiscal year.
In other news, Director Edie A. Ames acquired 1,650 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, November 10th. The shares were acquired at an average price of $45.12 per share, with a total value of $74,448.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management boosted its position in shares of Cheesecake Factory by 1,743.2% in the fourth quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 645 shares during the period. Eagle Bay Advisors LLC boosted its holdings in Cheesecake Factory by 97,000.0% in the third quarter. Eagle Bay Advisors LLC now owns 971 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 970 shares during the last quarter. Advisory Services Network LLC bought a new stake in Cheesecake Factory in the second quarter valued at approximately $62,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Cheesecake Factory by 17.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,858 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 281 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of Cheesecake Factory during the 3rd quarter worth approximately $117,000. 76.60% of the stock is owned by hedge funds and other institutional investors.
About Cheesecake Factory
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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