The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $55.86 Consensus PT from Brokerages

Henrietta Strickland
August 3, 2017

Telsey Advisory Group cut their price target on shares of The Cheesecake Factory from $66.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, June 14th. BidaskClub lowered shares of The Cheesecake Factory from a "sell" rating to a "strong sell" rating in a research note on Thursday, July 27th. Barclays PLC cut their price target on The Cheesecake Factory from $56.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. The stock now has a consensus rating of "Hold" and a consensus target price of $57.59. On November 15 the stock rating was downgraded to "Hold" from "Buy" in an announcement from Maxim Group. They noted that the move was a valuation call.

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In related news, VP Debby R. Zurzolo sold 6,424 shares of the business's stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $59.15, for a total transaction of $354,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The firm's institutional ownership remained 83.90% while insider ownership included 0.10%.

While looking at the Stock's Performance, The Cheesecake Factory Incorporated now shows a Weekly Performance of -5.62%, where Monthly Performance is -5.43%, Quarterly performance is -27.83%, 6 Months performance is -21.06% and yearly performance percentage is -9.11%. Bank of Montreal Can now owns 5,128 shares of the restaurant operator's stock valued at $325,000 after buying an additional 659 shares during the period. It improved, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator's stock worth $306,812,000 after buying an additional 4,819,766 shares during the period. Tyers Asset Management LLC boosted its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 2,141,608 shares of the restaurant operator's stock worth $135,692,000 after buying an additional 291,097 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,693,864 shares of the restaurant operator's stock worth $107,324,000 after buying an additional 34,923 shares in the last quarter. Institutional investors and hedge funds own 96.93% of the company's stock.

Stock market analysts watching The Cheesecake Factory Incorporated (NASDAQ:CAKE) have recently changed their ratings on the stock. The Stock now has a Weekly Volatility of 2.28% and Monthly Volatility of 1.83%. According to these analysts, the Low Revenue Estimate for The Cheesecake Factory Incorporated is 518.43 Million and the High Revenue Estimate is 601.94 Million. Cheesecake Factory's 50-day moving average is $50.13 and its 200-day moving average is $58.36.

The share price of the company (NASDAQ:CAKE) was down -0.92% during the last trading session, with a high of 47.90 and the volume of The Cheesecake Factory Incorporated shares traded was 2316848.

In terms of earnings per share, 20 analysts have a 0.69 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 20 analysts have a 0.67 EPS mean target and for the quarter ending Dec-17 there are 20 estimates of 2.84 EPS. The business had revenue of $563.43 million during the quarter, compared to analysts' expectations of $565.42 million. The Cheesecake Factory had a return on equity of 23.35% and a net margin of 6.15%. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 16.67 and a beta of 0.33.

The Cheesecake Factory Incorporated had its " rating reiterated by analysts at Raymond James.

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