Cheesecake Factory (CAKE) Price Target Lowered to $55.00 at Maxim Group

Share on StockTwits

Cheesecake Factory (NASDAQ:CAKE) had its price target lowered by equities researchers at Maxim Group from $57.00 to $55.00 in a report issued on Wednesday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Maxim Group’s target price suggests a potential upside of 12.13% from the stock’s current price.

Several other analysts have also weighed in on CAKE. ValuEngine raised Cheesecake Factory from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 target price on shares of Cheesecake Factory in a report on Friday, July 13th. Barclays upped their target price on Cheesecake Factory from $52.00 to $56.00 and gave the company a “$58.55” rating in a report on Wednesday, July 18th. BidaskClub raised Cheesecake Factory from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 24th. Finally, Bank of America upped their target price on Cheesecake Factory from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Seventeen analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cheesecake Factory has an average rating of “Hold” and an average price target of $52.31.

NASDAQ:CAKE opened at $49.05 on Wednesday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.37 and a beta of 0.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.48 and a quick ratio of 0.38. Cheesecake Factory has a 1 year low of $41.50 and a 1 year high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The firm had revenue of $580.88 million during the quarter, compared to analysts’ expectations of $585.44 million. Cheesecake Factory had a return on equity of 17.87% and a net margin of 6.00%. Cheesecake Factory’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts anticipate that Cheesecake Factory will post 2.43 EPS for the current year.

In related news, Director Edie A. Ames acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were acquired at an average price of $52.83 per share, with a total value of $26,415.00. Following the completion of the purchase, the director now directly owns 1,430 shares in the company, valued at $75,546.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Cheryl Slomann sold 1,005 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $52.94, for a total value of $53,204.70. Following the sale, the insider now directly owns 12,106 shares in the company, valued at approximately $640,891.64. The disclosure for this sale can be found here. 8.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Cheesecake Factory during the second quarter valued at $156,000. NumerixS Investment Technologies Inc boosted its stake in shares of Cheesecake Factory by 2,900.0% during the second quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock valued at $168,000 after acquiring an additional 2,900 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Cheesecake Factory by 452.7% during the second quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock valued at $202,000 after acquiring an additional 18,432 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cheesecake Factory during the second quarter valued at $226,000. Finally, Jane Street Group LLC boosted its stake in Cheesecake Factory by 155.8% in the 1st quarter. Jane Street Group LLC now owns 5,687 shares of the restaurant operator’s stock worth $274,000 after buying an additional 15,887 shares during the last quarter.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Read More: Fundamental Analysis and Individual Investors

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply