Cheesecake Factory (NASDAQ:CAKE) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Friday.

Other equities analysts have also issued reports about the stock. Canaccord Genuity restated a “hold” rating and issued a $54.00 price objective on shares of Cheesecake Factory in a report on Monday. Piper Jaffray Companies upped their price objective on shares of Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Robert W. Baird restated a “hold” rating and issued a $46.00 price objective on shares of Cheesecake Factory in a report on Friday, November 3rd. Finally, Barclays decreased their price objective on shares of Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Two investment 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’s stock. Cheesecake Factory has a consensus rating of “Hold” and a consensus price target of $48.56.

Cheesecake Factory (NASDAQ CAKE) opened at $47.24 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2,160.00, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.31 and a beta of 0.33. Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.04). The firm had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. equities research analysts predict that Cheesecake Factory will post 2.6 earnings per share for the current fiscal year.

In other Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Herbert Simon bought 25,000 shares of Cheesecake Factory stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. 8.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CAKE. BlackRock Inc. increased its position in shares of Cheesecake Factory by 21,381.3% in the 1st quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock valued at $306,812,000 after purchasing an additional 4,819,766 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of Cheesecake Factory by 2,875.7% in the 1st quarter. Findlay Park Partners LLP now owns 1,091,948 shares of the restaurant operator’s stock valued at $57,972,000 after purchasing an additional 1,055,253 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Cheesecake Factory by 54.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator’s stock valued at $103,504,000 after purchasing an additional 869,579 shares during the last quarter. Darrell & King LLC purchased a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $23,881,000. Finally, First Trust Advisors LP increased its position in shares of Cheesecake Factory by 750.5% in the 3rd quarter. First Trust Advisors LP now owns 580,508 shares of the restaurant operator’s stock valued at $24,451,000 after purchasing an additional 512,255 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

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About 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 Cheesecake Factory (NASDAQ:CAKE)

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