Cheesecake Factory’s (CAKE) Overweight Rating Reaffirmed at Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating reiterated by Stephens in a report released on Tuesday, Benzinga reports. They presently have a $50.00 price objective on the restaurant operator’s stock. Stephens’ price target points to a potential upside of 17.79% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Cheesecake Factory in a report on Thursday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Citigroup lifted their price objective on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Robert W. Baird boosted their target price on shares of Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Cheesecake Factory currently has an average rating of “Hold” and an average target price of $41.55.

Cheesecake Factory Stock Down 1.3 %

Shares of NASDAQ:CAKE opened at $42.45 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 fifty-two week low of $29.27 and a fifty-two week high of $43.41. The firm’s 50 day moving average price is $39.12 and its 200 day moving average price is $37.91. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company had revenue of $904.04 million for the quarter, compared to analysts’ expectations of $909.19 million. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Cheesecake Factory will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Cheesecake Factory

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in Cheesecake Factory by 2,360.7% in the 1st 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 during the period. GAMMA Investing LLC boosted its holdings in Cheesecake Factory by 276.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 1,064 shares during the period. nVerses Capital LLC purchased a new position in Cheesecake Factory in the 2nd quarter worth approximately $67,000. SG Americas Securities LLC purchased a new position in Cheesecake Factory in the 1st quarter worth approximately $121,000. Finally, Wealth Alliance purchased a new position in Cheesecake Factory in the 2nd quarter worth approximately $213,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.