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The Cheesecake Factory (NASDAQ:CAKE) Insider Max S. Byfuglin unloaded 10,661 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $44.55, for a total value of $474,947.55. Following the completion of the transaction, the insider now directly owns 21,100 shares in the company, valued at approximately $940,005. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on CAKE shares. Analysts at Bank of America downgraded shares of The Cheesecake Factory from a “buy” rating to an “underperform” rating in a research note on Thursday. They now have a $42.00 price target on the stock, down previously from $50.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, July 31st. They now have a $47.00 price target on the stock, down previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Monday, July 28th. They now have a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.64.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 1.65% during mid-day trading on Monday, hitting $45.21. The stock had a trading volume of 497,848 shares. The Cheesecake Factory has a 52 week low of $41.52 and a 52 week high of $49.74. The stock has a 50-day moving average of $44.33 and a 200-day moving average of $45.9. The company has a market cap of $2.166 billion and a P/E ratio of 20.95.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, July 23rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. The company had revenue of $496.40 million for the quarter, compared to the consensus estimate of $502.03 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that The Cheesecake Factory will post $2.21 earnings per share for the current fiscal year.

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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