Cheesecake Factory (NASDAQ:CAKE) Stock Rating Reaffirmed by Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a report released on Tuesday, Benzinga reports. They currently have a $50.00 price target on the restaurant operator’s stock. Stephens’ target price suggests a potential upside of 20.45% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Cheesecake Factory in a research report on Thursday, August 1st. Robert W. Baird raised their price target on Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Citigroup raised their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Barclays boosted their target price on Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.18.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $41.51 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.13 and a beta of 1.49. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $39.36 and a 200 day simple moving average of $38.02. Cheesecake Factory has a 52 week low of $29.27 and a 52 week high of $43.51.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company had revenue of $904.04 million for the quarter, compared to analysts’ expectations of $909.19 million. During the same period in the prior year, the business earned $0.88 earnings per share. Cheesecake Factory’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Cheesecake Factory will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Cheesecake Factory

A number of institutional investors have recently modified their holdings of CAKE. Allspring Global Investments Holdings LLC lifted its holdings in Cheesecake Factory by 2,360.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after buying an additional 661 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 1,064 shares in the last quarter. nVerses Capital LLC purchased a new stake in Cheesecake Factory in the second quarter worth $67,000. SG Americas Securities LLC bought a new stake in Cheesecake Factory in the first quarter valued at $121,000. Finally, Avantax Advisory Services Inc. purchased a new position in Cheesecake Factory during the 1st quarter valued at $202,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

About Cheesecake Factory

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.