The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have received an average recommendation of “Hold” from the nineteen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $60.1176.

A number of equities analysts have commented on CAKE shares. Morgan Stanley lifted their price objective on shares of Cheesecake Factory from $49.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 20th. Barclays raised their target price on shares of Cheesecake Factory from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 7th. Mizuho lifted their target price on shares of Cheesecake Factory from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday. Argus lowered their price target on shares of Cheesecake Factory from $72.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Stephens cut their price objective on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th.

Cheesecake Factory Stock Down 4.7%

NASDAQ:CAKE opened at $58.69 on Friday. Cheesecake Factory has a twelve month low of $42.69 and a twelve month high of $69.70. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock’s 50 day moving average price is $55.42 and its two-hundred day moving average price is $55.21.

Institutional Investors Weigh In On Cheesecake Factory

A number of large investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Cheesecake Factory during the second quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its stake in shares of Cheesecake Factory by 226.5% in the 4th quarter. Salomon & Ludwin LLC now owns 604 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 419 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Cheesecake Factory by 39.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock worth $40,000 after buying an additional 178 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Cheesecake Factory by 661.7% during the 4th quarter. Global Retirement Partners LLC now owns 716 shares of the restaurant operator’s stock worth $36,000 after buying an additional 622 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in Cheesecake Factory by 973.2% in the fourth quarter. Root Financial Partners LLC now owns 880 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 798 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

About Cheesecake Factory

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.