Share on StockTwits

Equities research analysts at Susquehanna upped their price objective on shares of Cheesecake Factory (NASDAQ:CAKE) from $41.00 to $42.00 in a research note issued to investors on Thursday, Analyst Ratings Net reports. Susquehanna’s price target points to a potential downside of 7.35% from the stock’s previous close.

Cheesecake Factory (NASDAQ:CAKE) opened at 45.33 on Thursday. Cheesecake Factory has a 52 week low of $32.64 and a 52 week high of $49.74. The stock’s 50-day moving average is $46.04 and its 200-day moving average is $45.37. The company has a market cap of $2.302 billion and a price-to-earnings ratio of 24.13. Cheesecake Factory also was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 4,983,940 shares, an increase of 36.5% from the January 15th total of 3,652,215 shares. Based on an average daily volume of 1,038,790 shares, the short-interest ratio is presently 4.8 days. Currently, 10.3% of the shares of the stock are sold short.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.02. The company had revenue of $475.10 million for the quarter, compared to the consensus estimate of $484.84 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Cheesecake Factory will post $2.12 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Cheesecake Factory from $47.00 to $46.00 in a research note on Thursday. Separately, analysts at Ned Davis Research upgraded shares of Cheesecake Factory from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, analysts at Buckingham Research initiated coverage on shares of Cheesecake Factory in a research note on Thursday, January 9th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Cheesecake Factory currently has a consensus rating of “Hold” and an average price target of $44.76.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.