Cheesecake Factory (NASDAQ:CAKE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Several other equities analysts also recently issued reports on CAKE. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Cheesecake Factory in a report on Wednesday, September 20th. Wedbush downgraded shares of Cheesecake Factory from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $52.00 to $44.00 in a report on Tuesday, September 26th. Stephens decreased their price objective on shares of Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Barclays decreased their price target on shares of Cheesecake Factory from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co decreased their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $48.81.
Cheesecake Factory (NASDAQ CAKE) opened at $47.59 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2,180.00, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.25 and a beta of 0.33. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $566.09 million. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share. equities research analysts predict that Cheesecake Factory will post 2.6 EPS for the current year.
In other news, Director Herbert Simon bought 25,000 shares of Cheesecake Factory stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Debby R. Zurzolo sold 2,306 shares of Cheesecake Factory stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Koch Industries Inc. acquired a new stake in shares of Cheesecake Factory during the second quarter valued at about $353,000. Public Employees Retirement System of Ohio increased its position in shares of Cheesecake Factory by 8.7% during the third quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock valued at $3,137,000 after acquiring an additional 5,938 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of Cheesecake Factory during the second quarter valued at about $357,000. Macquarie Group Ltd. increased its position in shares of Cheesecake Factory by 18.4% during the second quarter. Macquarie Group Ltd. now owns 1,351,873 shares of the restaurant operator’s stock valued at $67,999,000 after acquiring an additional 209,711 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Cheesecake Factory by 33.4% during the third quarter. Stifel Financial Corp now owns 79,701 shares of the restaurant operator’s stock valued at $3,352,000 after acquiring an additional 19,944 shares during the last quarter.
About 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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