The Cheesecake Factory Incorporated (CAKE) Stock Rating Reaffirmed by Robert W. Baird
The Cheesecake Factory Incorporated (NASDAQ:CAKE)‘s stock had its “hold” rating restated by stock analysts at Robert W. Baird in a note issued to investors on Friday. They presently have a $46.00 price objective on the restaurant operator’s stock. Robert W. Baird’s price objective would indicate a potential upside of 5.84% from the stock’s current price.
Several other research analysts also recently commented on the company. Barclays PLC decreased their price objective on The Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley decreased their price objective on The Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating on the stock in a report on Thursday. Nomura decreased their price objective on The Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Zacks Investment Research upgraded The Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Canaccord Genuity decreased their price objective on The Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.24.
Shares of The Cheesecake Factory (NASDAQ:CAKE) traded down $1.54 during mid-day trading on Friday, hitting $43.46. The stock had a trading volume of 1,857,212 shares, compared to its average volume of 1,552,798. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.11 and a beta of 0.29.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The firm had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. analysts expect that The Cheesecake Factory will post 2.61 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its holdings in shares of The Cheesecake Factory by 6.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 69,697 shares of the restaurant operator’s stock worth $2,936,000 after acquiring an additional 4,269 shares during the period. Jennison Associates LLC purchased a new position in shares of The Cheesecake Factory during the 3rd quarter worth approximately $1,032,000. Boston Partners purchased a new position in shares of The Cheesecake Factory during the 3rd quarter worth approximately $1,642,000. Prudential Financial Inc. boosted its position in shares of The Cheesecake Factory by 286.4% in the 3rd quarter. Prudential Financial Inc. now owns 117,429 shares of the restaurant operator’s stock worth $4,946,000 after purchasing an additional 87,040 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in shares of The Cheesecake Factory in the 3rd quarter worth approximately $599,000. Hedge funds and other institutional investors own 97.52% 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.
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