Cheesecake Factory (NASDAQ:CAKE) Rating Reiterated by Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating reissued by equities research analysts at Stephens in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $44.00 target price on the restaurant operator’s stock. Stephens’ price target indicates a potential upside of 31.54% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Barclays boosted their price objective on Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. cut Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Tuesday, January 23rd. Wedbush reiterated an “outperform” rating and set a $40.00 price target on shares of Cheesecake Factory in a report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Finally, Piper Sandler upped their target price on Cheesecake Factory from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.64.

Cheesecake Factory Stock Performance

Cheesecake Factory stock opened at $33.45 on Friday. Cheesecake Factory has a 12 month low of $28.58 and a 12 month high of $38.19. The company has a market cap of $1.71 billion, a PE ratio of 16.24, a P/E/G ratio of 1.08 and a beta of 1.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. The company has a fifty day moving average price of $35.34 and a two-hundred day moving average price of $33.43.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The business had revenue of $877.00 million during the quarter, compared to the consensus estimate of $876.17 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Cheesecake Factory will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On Cheesecake Factory

Hedge funds have recently added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in shares of Cheesecake Factory during the 3rd quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in Cheesecake Factory in the 4th quarter valued at approximately $26,000. Tower Research Capital LLC TRC lifted its stake in Cheesecake Factory by 338.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 982 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 758 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Cheesecake Factory by 48.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 511 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $59,000. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.