The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $59.35 Consensus PT from Brokerages

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have earned a consensus rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $59.4118.

Several analysts have weighed in on the stock. Stephens lowered their price target on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their price objective on Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 29th. Barclays boosted their target price on Cheesecake Factory from $48.00 to $51.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Citigroup reduced their price target on Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Finally, Mizuho set a $65.00 price objective on Cheesecake Factory and gave the company an “outperform” rating in a research report on Wednesday, October 29th.

Institutional Investors Weigh In On Cheesecake Factory

A number of large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Cheesecake Factory in the second quarter valued at about $28,000. Parkside Financial Bank & Trust grew its stake in shares of Cheesecake Factory by 39.2% in the second quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 178 shares during the last quarter. Quarry LP grew its stake in shares of Cheesecake Factory by 3,343.8% in the third quarter. Quarry LP now owns 1,102 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 1,070 shares during the last quarter. Allworth Financial LP grew its stake in shares of Cheesecake Factory by 170.7% in the third quarter. Allworth Financial LP now owns 1,164 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 734 shares during the last quarter. Finally, CWM LLC increased its holdings in Cheesecake Factory by 36.7% during the 3rd quarter. CWM LLC now owns 1,357 shares of the restaurant operator’s stock valued at $74,000 after purchasing an additional 364 shares during the period. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $58.88 on Monday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.58 and a beta of 0.97. The business has a 50 day moving average of $51.60 and a 200 day moving average of $55.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.47. Cheesecake Factory has a 1-year low of $42.69 and a 1-year high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $907.23 million for the quarter, compared to the consensus estimate of $912.95 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 46.35%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, sell-side analysts predict that Cheesecake Factory will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.