The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $46.00 target price on the restaurant operator’s stock. Jefferies Group LLC’s target price points to a potential upside of 18.71% from the company’s current price.

Several other equities research analysts have also commented on CAKE. Maxim Group restated a “buy” rating and issued a $57.00 price target (down previously from $65.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Stephens restated an “equal weight” rating and issued a $48.00 price target (down previously from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and issued a $48.00 price target (down previously from $53.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Instinet restated a “neutral” rating and issued a $44.00 price target (down previously from $50.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Finally, Canaccord Genuity restated a “hold” rating on shares of The Cheesecake Factory in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The Cheesecake Factory has an average rating of “Hold” and a consensus target price of $54.44.

The Cheesecake Factory (CAKE) traded down 1.70% during mid-day trading on Thursday, reaching $38.75. The company’s stock had a trading volume of 2,409,271 shares. The stock has a market capitalization of $1.78 billion, a P/E ratio of 13.55 and a beta of 0.34. The stock’s 50 day moving average price is $44.73 and its 200 day moving average price is $55.23. The Cheesecake Factory has a 1-year low of $38.34 and a 1-year high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company had revenue of $569.87 million for the quarter, compared to analyst estimates of $573.12 million. During the same quarter last year, the business earned $0.78 earnings per share. The Cheesecake Factory’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that The Cheesecake Factory will post $2.66 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “The Cheesecake Factory Incorporated (CAKE) Rating Reiterated by Jefferies Group LLC” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/07/the-cheesecake-factory-incorporated-cake-rating-reiterated-by-jefferies-group-llc.html.

A number of large investors have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN boosted its holdings in The Cheesecake Factory by 0.4% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,017,927 shares of the restaurant operator’s stock worth $51,202,000 after buying an additional 4,215 shares in the last quarter. Koch Industries Inc. acquired a new position in The Cheesecake Factory in the 2nd quarter worth approximately $353,000. Verition Fund Management LLC boosted its stake in The Cheesecake Factory by 148.1% in the 2nd quarter. Verition Fund Management LLC now owns 11,442 shares of the restaurant operator’s stock worth $576,000 after purchasing an additional 6,831 shares during the period. Nomura Holdings Inc. acquired a new position in The Cheesecake Factory in the 2nd quarter worth approximately $357,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in The Cheesecake Factory in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.