Cheesecake Factory (NASDAQ:CAKE - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They presently have a $45.00 target price on the restaurant operator's stock. Wedbush's price objective would suggest a potential upside of 6.01% from the stock's current price.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, August 6th. Stephens reaffirmed an "overweight" rating and issued a $50.00 price objective on shares of Cheesecake Factory in a research note on Tuesday. Barclays raised their price objective on Cheesecake Factory from $32.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on Cheesecake Factory from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised their price objective on Cheesecake Factory from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $41.55.
Check Out Our Latest Stock Analysis on CAKE
CAKE stock opened at $42.45 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.13 and a beta of 1.49. The business's fifty day moving average price is $39.12 and its two-hundred day moving average price is $37.91. Cheesecake Factory has a fifty-two week low of $29.27 and a fifty-two week high of $43.41.
Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $904.04 million for the quarter, compared to analyst estimates of $909.19 million. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. Cheesecake Factory's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities analysts anticipate that Cheesecake Factory will post 3.21 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Earnest Partners LLC raised its position in shares of Cheesecake Factory by 2.8% during the second quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator's stock worth $111,245,000 after acquiring an additional 76,578 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cheesecake Factory by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator's stock worth $48,772,000 after purchasing an additional 43,128 shares in the last quarter. American Century Companies Inc. increased its holdings 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 worth $37,038,000 after purchasing an additional 223,497 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Cheesecake Factory by 8.0% in the second 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 in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Cheesecake Factory by 0.7% in the second quarter. Natixis Advisors LLC now owns 530,497 shares of the restaurant operator's stock worth $20,843,000 after purchasing an additional 3,872 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.
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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