Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $41.00 at UBS Group

Cheesecake Factory (NASDAQ:CAKE) had its price target boosted by research analysts at UBS Group from $36.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. UBS Group’s target price indicates a potential downside of 18.42% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Stephens lifted their target price on Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Raymond James lifted their price target on Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Barclays upped their price objective on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.29.

Cheesecake Factory Trading Up 1.6 %

Shares of CAKE stock opened at $50.26 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $48.30 and a 200 day simple moving average of $42.19. Cheesecake Factory has a fifty-two week low of $31.24 and a fifty-two week high of $52.10. The stock has a market capitalization of $2.57 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.37 and a beta of 1.50.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, sell-side analysts expect that Cheesecake Factory will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the sale, the insider now owns 14,977 shares of the company’s stock, valued at $747,052.76. This represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its stake in Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. Wealth Alliance acquired a new stake in shares of Cheesecake Factory in the second quarter valued at about $213,000. Glenmede Trust Co. NA acquired a new stake in shares of Cheesecake Factory in the third quarter valued at about $223,000. Foundations Investment Advisors LLC bought a new position in shares of Cheesecake Factory in the third quarter worth about $227,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Cheesecake Factory by 13.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,771 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 802 shares during the last quarter. 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.