William Blair Reiterates “Outperform” Rating for Cheesecake Factory (NASDAQ:CAKE)

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “outperform” rating restated by research analysts at William Blair in a report released on Thursday,RTT News reports.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Bank of America upped their price target on Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Raymond James boosted their price objective on Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Wells Fargo & Company upped their target price on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Oppenheimer upgraded Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.19.

Cheesecake Factory Trading Up 0.5 %

CAKE stock traded up $0.25 during mid-day trading on Thursday, reaching $54.54. The company’s stock had a trading volume of 1,212,144 shares, compared to its average volume of 1,373,879. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. The business’s 50 day moving average price is $50.96 and its 200 day moving average price is $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 has a 12 month low of $33.05 and a 12 month high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. On average, equities research analysts predict that Cheesecake Factory will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Golden State Wealth Management LLC purchased a new position in shares of Cheesecake Factory in the 4th quarter worth $25,000. Versant Capital Management Inc lifted its position in Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Cheesecake Factory during the fourth quarter valued at $43,000. Venturi Wealth Management LLC raised its holdings in Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 1,207 shares during the period. Finally, KBC Group NV raised its holdings in Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 741 shares during the period. Institutional investors 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.