Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $57.00 at Robert W. Baird

Cheesecake Factory (NASDAQ:CAKE) had its price objective upped by stock analysts at Robert W. Baird from $52.00 to $57.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target points to a potential upside of 4.30% from the company’s current price.

A number of other research firms have also recently issued reports on CAKE. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group lifted their target price on shares of Cheesecake Factory from $36.00 to $41.00 and gave the company a “sell” rating in a research note on Tuesday, January 7th. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Tuesday, January 7th. Wedbush lifted their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Bank of America boosted their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and an average target price of $52.19.

Cheesecake Factory Stock Performance

CAKE stock opened at $54.65 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The stock has a market cap of $2.79 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.30 and a beta of 1.51. The firm has a 50 day simple moving average of $51.16 and a 200 day simple moving average of $45.46. Cheesecake Factory has a 52 week low of $33.05 and a 52 week high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $920.96 million during the quarter, compared to analysts’ expectations of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Research analysts anticipate that Cheesecake Factory will post 3.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in Cheesecake Factory during the fourth quarter worth $25,000. Versant Capital Management Inc increased its position in Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 320 shares during the period. SBI Securities Co. Ltd. bought a new stake in Cheesecake Factory in the 4th quarter valued at $43,000. Venturi Wealth Management LLC increased its holdings in Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 1,207 shares during the period. Finally, KBC Group NV increased its holdings in Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 741 shares during the period. Institutional investors 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.