The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Average Recommendation of "Hold" by Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.40.

A number of research firms have recently weighed in on CAKE. Stephens raised their price target on shares of Cheesecake Factory from $51.00 to $57.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Robert W. Baird raised their target price on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Raymond James upped their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. The Goldman Sachs Group initiated coverage on Cheesecake Factory in a report on Thursday, December 5th. They set a "buy" rating and a $56.00 price objective on the stock. Finally, Oppenheimer raised Cheesecake Factory from a "market perform" rating to an "outperform" rating and set a $65.00 target price for the company in a report on Tuesday, January 7th.

Insider Activity at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the stock in a transaction dated 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 directly owns 14,977 shares in the company, valued at approximately $747,052.76. This trade represents a 46.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in shares of Cheesecake Factory by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 200,222 shares of the restaurant operator's stock worth $9,499,000 after buying an additional 4,516 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Cheesecake Factory by 1,149.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 1,207 shares during the period. Truist Financial Corp boosted its stake in Cheesecake Factory by 3.3% during the fourth quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock worth $382,000 after acquiring an additional 257 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Cheesecake Factory by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 268,830 shares of the restaurant operator's stock worth $12,753,000 after purchasing an additional 13,235 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Cheesecake Factory in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $56.15 on Monday. The business has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $43.83. The company has a market cap of $2.87 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.29 and a beta of 1.50. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. Cheesecake Factory has a twelve month low of $33.05 and a twelve month high of $56.55.

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.

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