The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Consensus Recommendation of "Hold" by Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) has been given a consensus recommendation of "Hold" by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $61.9375.

Several research analysts have recently commented on the company. Oppenheimer boosted their price objective on Cheesecake Factory from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Raymond James Financial boosted their price objective on Cheesecake Factory from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Robert W. Baird set a $64.00 price objective on Cheesecake Factory and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price objective on Cheesecake Factory from $45.00 to $47.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Cheesecake Factory in a report on Wednesday.

Cheesecake Factory Trading Down 2.9%

Shares of CAKE opened at $52.08 on Friday. The business's 50-day moving average price is $58.66 and its 200-day moving average price is $56.73. Cheesecake Factory has a twelve month low of $38.47 and a twelve month high of $69.70. The stock has a market cap of $2.59 billion, a PE ratio of 16.02, a P/E/G ratio of 1.28 and a beta of 1.06. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.40.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The restaurant operator reported $1.16 EPS for the quarter, topping the consensus estimate of $1.06 by $0.10. Cheesecake Factory had a return on equity of 45.92% and a net margin of 4.33%.The company had revenue of $955.83 million during the quarter, compared to analyst estimates of $945.82 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Cheesecake Factory's revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Cheesecake Factory will post 3.71 EPS for the current fiscal year.

Insider Activity

In other news, President David M. Gordon sold 43,335 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $63.06, for a total value of $2,732,705.10. Following the transaction, the president owned 24,532 shares of the company's stock, valued at $1,546,987.92. This trade represents a 63.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander L. Cappello sold 12,388 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $65.88, for a total value of $816,121.44. Following the completion of the transaction, the director directly owned 6,806 shares in the company, valued at $448,379.28. This trade represents a 64.54% decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is owned by company insiders.

Institutional Trading of Cheesecake Factory

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its stake in Cheesecake Factory by 39.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator's stock valued at $40,000 after purchasing an additional 178 shares during the period. California State Teachers Retirement System raised its stake in Cheesecake Factory by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator's stock valued at $2,790,000 after purchasing an additional 203 shares during the period. Russell Investments Group Ltd. raised its stake in Cheesecake Factory by 1.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,755 shares of the restaurant operator's stock valued at $1,551,000 after purchasing an additional 251 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cheesecake Factory by 2.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,121 shares of the restaurant operator's stock valued at $638,000 after purchasing an additional 260 shares during the period. Finally, Bridges Investment Management Inc. raised its stake in Cheesecake Factory by 4.0% during the 1st quarter. Bridges Investment Management Inc. now owns 7,677 shares of the restaurant operator's stock valued at $374,000 after purchasing an additional 292 shares during the period. Institutional investors own 94.48% of the company's stock.

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.

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