Stephens Boosts Cheesecake Factory (NASDAQ:CAKE) Price Target to $18.00

Cheesecake Factory (NASDAQ:CAKE) had its price objective raised by Stephens from $15.00 to $18.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. Stephens currently has an underweight rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the company. Loop Capital decreased their target price on Cheesecake Factory from $44.00 to $23.00 in a report on Thursday, May 7th. UBS Group dropped their price objective on shares of Cheesecake Factory from $43.00 to $20.00 and set a neutral rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Co increased their price target on Cheesecake Factory from $26.00 to $31.00 and gave the stock an overweight rating in a research report on Friday, June 5th. BidaskClub raised Cheesecake Factory from a sell rating to a hold rating in a report on Saturday, July 25th. Finally, Deutsche Bank restated a hold rating and issued a $26.00 target price on shares of Cheesecake Factory in a research note on Monday, April 20th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. Cheesecake Factory has an average rating of Hold and a consensus price target of $27.11.

Shares of NASDAQ:CAKE opened at $24.00 on Thursday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -100.00 and a beta of 1.39. The firm has a fifty day moving average price of $22.82 and a 200 day moving average price of $26.24. Cheesecake Factory has a fifty-two week low of $14.52 and a fifty-two week high of $45.24. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.44 and a current ratio of 0.53.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.07) by $0.20. The business had revenue of $295.85 million during the quarter, compared to the consensus estimate of $309.57 million. Cheesecake Factory had a net margin of 0.20% and a return on equity of 1.43%. The firm’s quarterly revenue was down 50.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, research analysts predict that Cheesecake Factory will post -1.72 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CAKE. Creative Financial Designs Inc. ADV increased its holdings in Cheesecake Factory by 77.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,581 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 688 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Cheesecake Factory in the second quarter valued at about $48,000. Tower Research Capital LLC TRC increased its stake in shares of Cheesecake Factory by 304.4% during the first quarter. Tower Research Capital LLC TRC now owns 3,676 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 2,767 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cheesecake Factory by 65.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,912 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Cheesecake Factory by 1,873.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,215 shares of the restaurant operator’s stock worth $106,000 after purchasing an additional 5,900 shares during the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

About Cheesecake Factory

The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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