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Shares of The Cheesecake Factory (NASDAQ:CAKE) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, AR Network reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.64.

In other The Cheesecake Factory news, Insider Max S. Byfuglin sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $45.17, for a total value of $451,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 0.76% during mid-day trading on Thursday, hitting $45.06. The stock had a trading volume of 46,175 shares. The Cheesecake Factory has a one year low of $41.52 and a one year high of $49.74. The stock’s 50-day moving average is $44.07 and its 200-day moving average is $45.91. The company has a market cap of $2.159 billion and a price-to-earnings ratio of 21.06.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings data 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. Analysts expect that The Cheesecake Factory will post $2.21 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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, August 21st. 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.

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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