The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “hold” rating restated by stock analysts at Robert W. Baird in a report issued on Friday. They presently have a $49.00 target price on the restaurant operator’s stock. Robert W. Baird’s price objective points to a potential upside of 25.42% from the company’s current price.

CAKE has been the subject of a number of other research reports. Barclays PLC reissued an “equal weight” rating and issued a $48.00 target price (down previously from $53.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Telsey Advisory Group lowered their target price on The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, June 14th. Stephens reissued an “equal weight” rating and issued a $48.00 target price (down previously from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $60.00 target price on shares of The Cheesecake Factory in a research note on Friday, June 16th. Finally, Nomura started coverage on The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 target price for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.44.

Shares of The Cheesecake Factory (CAKE) traded up 0.83% during midday trading on Friday, hitting $39.07. The stock had a trading volume of 1,757,582 shares. The firm’s 50-day moving average price is $44.07 and its 200-day moving average price is $54.99. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 13.67 and a beta of 0.34. 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 released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The company had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same quarter in the previous year, the company posted $0.78 EPS. The Cheesecake Factory’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that The Cheesecake Factory will post $2.66 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/09/the-cheesecake-factory-incorporated-cake-rating-reiterated-by-robert-w-baird.html.

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of The Cheesecake Factory by 32.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 395 shares during the period. Parallel Advisors LLC grew its holdings in shares of The Cheesecake Factory by 13.5% during the 1st quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after acquiring an additional 235 shares during the period. Tyers Asset Management LLC grew its holdings in shares of The Cheesecake Factory by 1.1% during the 1st quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 22 shares during the period. Victory Capital Management Inc. grew its holdings in shares of The Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 482 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in shares of The Cheesecake Factory by 1.1% during the 1st quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock worth $170,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

The Cheesecake Factory Company Profile

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.