Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report issued on Tuesday, Marketbeat reports. They presently have a $47.00 price target on the restaurant operator’s stock, up from their previous price target of $43.00. Barclays’ price target points to a potential downside of 1.32% from the company’s current price.

A number of other equities research analysts have also commented on the company. TheStreet raised Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $54.00 price target on shares of Cheesecake Factory in a research report on Monday, January 8th. Piper Jaffray Companies raised their price target on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Cheesecake Factory in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Cheesecake Factory has an average rating of “Hold” and an average target price of $48.81.

Cheesecake Factory (CAKE) traded down $0.55 during midday trading on Tuesday, hitting $47.63. The stock had a trading volume of 1,118,600 shares, compared to its average volume of 1,062,020. The firm has a market capitalization of $2,190.00, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14.

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

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of 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. Riverhead Capital Management LLC boosted its stake in shares of 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 acquiring an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $205,000. BlueMountain Capital Management LLC bought a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $243,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $244,000.

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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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