Robert W. Baird Forecasts Strong Price Appreciation for Cheesecake Factory (NASDAQ:CAKE) Stock

Cheesecake Factory (NASDAQ:CAKE) had its target price increased by equities research analysts at Robert W. Baird from $52.00 to $57.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price objective would suggest a potential upside of 4.99% from the company’s previous close.

Several other brokerages have also weighed in on CAKE. Jefferies Financial Group lifted their price target on Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Bank of America upped their target price on Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer raised shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 7th. Wedbush upped their price objective on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Stephens lifted their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.33.

Cheesecake Factory Trading Down 2.7 %

Shares of NASDAQ:CAKE opened at $54.29 on Thursday. The company has a market capitalization of $2.77 billion, a PE ratio of 20.64, a PEG ratio of 1.28 and a beta of 1.51. Cheesecake Factory has a 12-month low of $33.05 and a 12-month high of $57.32. The business has a 50 day moving average of $50.96 and a two-hundred day moving average of $45.25. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. As a group, analysts forecast that Cheesecake Factory will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CAKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cheesecake Factory by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,208 shares of the restaurant operator’s stock worth $4,801,000 after purchasing an additional 13,678 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Cheesecake Factory by 42.7% in the 4th quarter. Voloridge Investment Management LLC now owns 489,570 shares of the restaurant operator’s stock valued at $23,225,000 after buying an additional 146,469 shares during the period. Twinbeech Capital LP acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $1,500,000. State of Wyoming raised its position in shares of Cheesecake Factory by 21.2% during the 4th quarter. State of Wyoming now owns 8,215 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 1,435 shares during the period. Finally, Sapience Investments LLC acquired a new position in Cheesecake Factory in the fourth quarter valued at approximately $1,857,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.