Cheesecake Factory’s (CAKE) Overweight Rating Reaffirmed at Stephens

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $60.00 price objective on the restaurant operator’s stock. Stephens’ price objective would suggest a potential upside of 10.52% from the stock’s current price.

A number of other research firms also recently issued reports on CAKE. The Goldman Sachs Group upped their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Raymond James upped their target price on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. UBS Group lifted their target price on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price target on Cheesecake Factory from $46.00 to $50.00 and gave the stock an “underweight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.33.

Cheesecake Factory Stock Down 2.7 %

Shares of CAKE stock opened at $54.29 on Thursday. The stock has a market cap of $2.77 billion, a P/E ratio of 20.64, a PEG ratio of 1.28 and a beta of 1.51. The company’s fifty day simple moving average is $50.96 and its two-hundred day simple moving average is $45.25. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. Cheesecake Factory has a 52 week low of $33.05 and a 52 week high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. Analysts predict that Cheesecake Factory will post 3.32 EPS for the current fiscal year.

Institutional Trading of Cheesecake Factory

Several large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Cheesecake Factory during the fourth quarter valued at $25,000. Versant Capital Management Inc grew its stake in Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cheesecake Factory in the fourth quarter valued at about $43,000. Venturi Wealth Management LLC raised its stake in shares of Cheesecake Factory by 1,149.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 741 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.