Cheesecake Factory (NASDAQ:CAKE) PT Raised to $36.00 at UBS Group

Cheesecake Factory (NASDAQ:CAKE) had its price objective lifted by UBS Group from $32.00 to $36.00 in a report issued on Friday, Benzinga reports. The firm currently has a “sell” rating on the restaurant operator’s stock. UBS Group’s target price indicates a potential downside of 14.37% from the stock’s current price.

Several other research firms have also commented on CAKE. Barclays raised their price target on Cheesecake Factory from $35.00 to $38.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 22nd. Stephens restated an “overweight” rating and set a $50.00 target price on shares of Cheesecake Factory in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target on shares of Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on shares of Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their price objective on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $41.67.

Cheesecake Factory Trading Up 1.3 %

NASDAQ CAKE opened at $42.04 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. The stock has a market capitalization of $2.14 billion, a P/E ratio of 19.28, a PEG ratio of 1.13 and a beta of 1.49. The firm’s 50-day moving average is $39.66 and its two-hundred day moving average is $38.14. Cheesecake Factory has a 12 month low of $29.27 and a 12 month high of $43.51.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $904.04 million for the quarter, compared to analyst estimates of $909.19 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, sell-side analysts anticipate that Cheesecake Factory will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CAKE. Allspring Global Investments Holdings LLC raised its position in shares of Cheesecake Factory by 2,360.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 661 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,064 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Cheesecake Factory in the 2nd quarter valued at $67,000. SG Americas Securities LLC purchased a new position in shares of Cheesecake Factory in the 1st quarter valued at $121,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Cheesecake Factory during the 1st quarter worth $202,000. 94.48% of the stock is owned by institutional investors and hedge funds.

About Cheesecake Factory

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.