Barclays Issues Positive Forecast for Cheesecake Factory (NASDAQ:CAKE) Stock Price

Cheesecake Factory (NASDAQ:CAKE) had its target price raised by Barclays from $38.00 to $44.00 in a report published on Wednesday, Benzinga reports. The firm currently has an underweight rating on the restaurant operator’s stock.

A number of other equities analysts have also recently weighed in on CAKE. Stephens upped their price objective on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup lifted their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Bank of America raised their price target on shares of Cheesecake Factory from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.17.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE opened at $46.64 on Wednesday. The business has a 50-day moving average of $40.01 and a 200-day moving average of $38.36. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. Cheesecake Factory has a 1-year low of $29.27 and a 1-year high of $49.75.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $865.50 million for the quarter, compared to analyst estimates of $866.13 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities analysts anticipate that Cheesecake Factory will post 3.21 EPS for the current fiscal year.

Institutional Trading of Cheesecake Factory

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Cheesecake Factory by 31.1% in the second quarter. American Century Companies Inc. now owns 942,694 shares of the restaurant operator’s stock valued at $37,038,000 after acquiring an additional 223,497 shares during the period. JCP Investment Management LLC bought a new stake in shares of Cheesecake Factory in the 2nd quarter worth approximately $5,149,000. Earnest Partners LLC lifted its holdings in shares of Cheesecake Factory by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock worth $111,245,000 after purchasing an additional 76,578 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Cheesecake Factory by 8.0% in the 2nd quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock worth $32,191,000 after purchasing an additional 60,545 shares during the last quarter. Finally, AXA S.A. increased its position in Cheesecake Factory by 103.1% in the second quarter. AXA S.A. now owns 112,088 shares of the restaurant operator’s stock worth $4,404,000 after buying an additional 56,889 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

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.