Cheesecake Factory (NASDAQ:CAKE) Stock Rating Reaffirmed by Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $50.00 target price on the restaurant operator’s stock. Stephens’ price objective would suggest a potential upside of 20.45% from the stock’s current price.

A number of other research analysts have also weighed in on CAKE. Barclays raised their price objective on shares of Cheesecake Factory from $32.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Cheesecake Factory in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price target on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird upped their target price on Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Citigroup increased their price target on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.18.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $41.51 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.26. Cheesecake Factory has a twelve month low of $29.27 and a twelve month high of $43.51. The company has a fifty day moving average of $39.36 and a 200-day moving average of $38.02. The firm has a market capitalization of $2.12 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.13 and a beta of 1.49.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Cheesecake Factory by 2,360.7% during the first 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 lifted its holdings in Cheesecake Factory by 276.4% during the 2nd 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 bought a new position in Cheesecake Factory in the 2nd quarter worth about $67,000. SG Americas Securities LLC purchased a new position in Cheesecake Factory during the 1st quarter valued at about $121,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Cheesecake Factory during the first quarter valued at about $202,000. 94.48% of the stock is owned by institutional investors.

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.