The Cheesecake Factory Incorporated (NASDAQ:CAKE) had its price target lowered by analysts at Stephens from $48.00 to $45.00 in a research report issued on Wednesday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price suggests a potential upside of 6.48% from the stock’s previous close.

A number of other equities analysts have also weighed in on CAKE. Maxim Group reiterated a “buy” rating and issued a $57.00 price target (down previously from $65.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Instinet reiterated a “neutral” rating and issued a $44.00 price target (down previously from $50.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Barclays PLC reiterated 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 report on Thursday, August 3rd. Canaccord Genuity reiterated a “hold” rating on shares of The Cheesecake Factory in a research report on Friday, August 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $49.00 price target (down previously from $57.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.24.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded down 0.38% during midday trading on Wednesday, hitting $42.26. 1,342,225 shares of the company’s stock traded hands. The company has a 50 day moving average of $41.06 and a 200 day moving average of $51.66. The stock has a market cap of $1.94 billion, a P/E ratio of 14.78 and a beta of 0.32. The Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same quarter last 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. On average, equities analysts forecast that The Cheesecake Factory will post $2.65 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 purchasing an additional 395 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 purchasing an additional 482 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock worth $218,000 after purchasing an additional 109 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of The Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of The Cheesecake Factory during the 1st quarter worth about $254,000. Hedge funds and other institutional investors own 96.22% 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)

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