Cheesecake Factory Now Covered by Analysts at Buckingham Research (CAKE)
Equities researchers at Buckingham Research initiated coverage on shares of Cheesecake Factory (NASDAQ:CAKE) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.52. The company had revenue of $469.70 million for the quarter, compared to the consensus estimate of $468.72 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis.
A number of other firms have also recently commented on CAKE. Analysts at UBS AG initiated coverage on shares of Cheesecake Factory in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Cheesecake Factory in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cheesecake Factory in a research note to investors on Friday, December 13th. They now have a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Cheesecake Factory presently has an average rating of “Hold” and an average target price of $44.71.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery businesses. As of February 28, 2013, it operated 177 Company-owned upscale, casual dining, full-service restaurants: 162 under The Cheesecake Factory mark, 14 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark.
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