Cheesecake Factory (NASDAQ:CAKE) had its price target decreased by Wells Fargo & Co from $45.00 to $41.00 in a research note issued to investors on Tuesday, February 6th, MarketBeat reports. The firm currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co’s target price would suggest a potential downside of 11.58% from the company’s previous close.
CAKE has been the topic of several other research reports. Maxim Group cut their target price on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Nomura cut their target price on Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Stephens cut their target price on Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Morgan Stanley dropped their price target on Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Finally, BidaskClub raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.00.
Cheesecake Factory (NASDAQ CAKE) traded up $1.16 during trading hours on Tuesday, reaching $46.37. The company’s stock had a trading volume of 835,700 shares, compared to its average volume of 1,020,575. Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2,069.95, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.33.
Cheesecake Factory Company Profile
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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