The Cheesecake Factory Incorporated (CAKE) PT Lowered to $46.00

The Cheesecake Factory Incorporated (NASDAQ:CAKE) had its price target reduced by investment analysts at Barclays PLC from $48.00 to $46.00 in a report issued on Wednesday. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s price objective suggests a potential upside of 6.43% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Robert W. Baird set a $49.00 target price on shares of The Cheesecake Factory and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Instinet assumed coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 target price for the company. BidaskClub cut shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Canaccord Genuity reaffirmed a “hold” rating on shares of The Cheesecake Factory in a research note on Friday, August 4th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $48.00 target price (down from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $52.12.

The Cheesecake Factory (NASDAQ CAKE) traded down 0.58% on Wednesday, reaching $42.97. The company had a trading volume of 414,090 shares. The Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a market capitalization of $1.97 billion, a PE ratio of 15.03 and a beta of 0.32. The stock has a 50 day moving average price of $41.11 and a 200 day moving average price of $51.23.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million during the quarter, compared to analysts’ expectations of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The Cheesecake Factory’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. Analysts expect that The Cheesecake Factory will post $2.65 EPS for the current year.

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Several large investors have recently bought and sold shares of CAKE. Victory Capital Management Inc. lifted its holdings in shares of The Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 482 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of The Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of The Cheesecake Factory during the 2nd quarter valued at $205,000. LS Investment Advisors LLC lifted its holdings in shares of The Cheesecake Factory by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after acquiring an additional 615 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

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