Stephens Issues Positive Forecast for Cheesecake Factory (NASDAQ:CAKE) Stock Price

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) had its target price raised by investment analysts at Stephens from $51.00 to $57.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. Stephens' price objective would suggest a potential upside of 14.09% from the stock's current price.

Several other analysts have also recently issued reports on the stock. Citigroup upped their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, October 4th. Barclays upped their target price 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. UBS Group lifted their price target on Cheesecake Factory from $32.00 to $36.00 and gave the stock a "sell" rating in a research note on Friday, October 25th. Bank of America upped their price objective on Cheesecake Factory from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Wedbush lifted their target price on Cheesecake Factory from $52.00 to $59.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Cheesecake Factory presently has an average rating of "Hold" and a consensus price target of $46.08.

Cheesecake Factory Stock Down 0.2 %

CAKE stock traded down $0.11 during trading on Thursday, reaching $49.96. The stock had a trading volume of 873,758 shares, compared to its average volume of 978,648. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $45.58 and a 200 day moving average price of $40.95. The company has a market capitalization of $2.55 billion, a P/E ratio of 19.04, a PEG ratio of 1.36 and a beta of 1.48. Cheesecake Factory has a 1-year low of $31.24 and a 1-year high of $52.10.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The business had revenue of $865.50 million for the quarter, compared to analysts' expectations of $866.13 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Cheesecake Factory will post 3.31 earnings per share for the current year.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction 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 sale, the insider now owns 14,977 shares of the company's stock, valued at $747,052.76. The trade was a 46.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Pathstone Holdings LLC boosted its stake in Cheesecake Factory by 0.9% during the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator's stock valued at $1,522,000 after buying an additional 329 shares in the last quarter. Arizona State Retirement System increased its position in shares of Cheesecake Factory by 2.5% in the second quarter. Arizona State Retirement System now owns 13,593 shares of the restaurant operator's stock worth $534,000 after acquiring an additional 337 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Cheesecake Factory by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator's stock valued at $927,000 after acquiring an additional 500 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Cheesecake Factory by 2.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator's stock valued at $937,000 after acquiring an additional 532 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in Cheesecake Factory by 8.2% in the 3rd quarter. Atria Investments Inc now owns 9,074 shares of the restaurant operator's stock worth $368,000 after purchasing an additional 689 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

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.