Cheesecake Factory (CAKE) Upgraded at BidaskClub

Cheesecake Factory (NASDAQ:CAKE) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research firms have also recently commented on CAKE. Barclays decreased their price objective on Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Wells Fargo & Co decreased their price target on Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Canaccord Genuity decreased their price target on Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, November 2nd. Robert W. Baird restated a “hold” rating and set a $46.00 price target on shares of Cheesecake Factory in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies upped their price target on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.88.

Cheesecake Factory (NASDAQ CAKE) opened at $50.05 on Friday. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14. The company has a market capitalization of $2,262.25, a P/E ratio of 18.47, a P/E/G ratio of 1.27 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37.

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

In related news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total value of $103,193.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Herbert Simon bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost 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 currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Washington Capital Management Inc. purchased a new position in Cheesecake Factory in the fourth quarter valued at $304,000. SG Americas Securities LLC increased its holdings in Cheesecake Factory by 125.9% in the fourth quarter. SG Americas Securities LLC now owns 29,293 shares of the restaurant operator’s stock valued at $1,411,000 after buying an additional 16,327 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in Cheesecake Factory by 19.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 432,479 shares of the restaurant operator’s stock valued at $20,837,000 after buying an additional 70,605 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Cheesecake Factory by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 353,319 shares of the restaurant operator’s stock valued at $17,023,000 after buying an additional 17,626 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Cheesecake Factory in the fourth quarter valued at $255,000. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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