Cheesecake Factory (NASDAQ:CAKE) Rating Reiterated by Stephens

Cheesecake Factory (NASDAQ:CAKE - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Stephens in a research report issued on Friday, MarketBeat.com reports. They currently have a $44.00 target price on the restaurant operator's stock. Stephens' price objective would suggest a potential upside of 31.54% from the company's current price.

Several other equities analysts also recently issued reports on CAKE. JPMorgan Chase & Co. downgraded shares of Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a research note on Tuesday, January 23rd. Piper Sandler increased their price target on Cheesecake Factory from $33.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. Wedbush reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Cheesecake Factory in a research report on Wednesday. Barclays upped their target price on Cheesecake Factory from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, February 22nd. Finally, Oppenheimer reissued a "market perform" rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $35.64.

Cheesecake Factory Price Performance

NASDAQ:CAKE traded down $0.39 during trading hours on Friday, reaching $33.45. 940,033 shares of the company traded hands, compared to its average volume of 833,499. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. The firm's 50-day moving average is $35.34 and its 200-day moving average is $33.39. The stock has a market cap of $1.71 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.09 and a beta of 1.48. Cheesecake Factory has a 1-year low of $28.58 and a 1-year high of $38.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.07. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The business had revenue of $877.00 million for the quarter, compared to analyst estimates of $876.17 million. During the same quarter last year, the company earned $0.56 earnings per share. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts expect that Cheesecake Factory will post 3.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheesecake Factory

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its position in Cheesecake Factory by 71.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,091 shares of the restaurant operator's stock valued at $1,993,000 after purchasing an additional 20,892 shares during the period. American Century Companies Inc. raised its holdings in shares of Cheesecake Factory by 51.5% during the 1st quarter. American Century Companies Inc. now owns 16,290 shares of the restaurant operator's stock valued at $648,000 after buying an additional 5,537 shares during the period. HighTower Advisors LLC lifted its position in Cheesecake Factory by 7.7% during the 1st quarter. HighTower Advisors LLC now owns 30,953 shares of the restaurant operator's stock worth $1,231,000 after acquiring an additional 2,207 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Cheesecake Factory by 5.6% in the 1st quarter. Private Advisor Group LLC now owns 10,726 shares of the restaurant operator's stock worth $426,000 after acquiring an additional 565 shares during the period. Finally, Bank of Montreal Can grew its position in Cheesecake Factory by 34.8% in the first quarter. Bank of Montreal Can now owns 20,306 shares of the restaurant operator's stock valued at $803,000 after acquiring an additional 5,247 shares in the last quarter. Institutional investors and hedge funds 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.