Equities research analysts at The Goldman Sachs Group began coverage on shares of The Cheesecake Factory (NASDAQ:CAKE) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating and a $37.00 price target on the restaurant operator’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 14.83% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Credit Suisse Group upped their target price on shares of The Cheesecake Factory from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of The Cheesecake Factory from $24.00 to $33.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 20th. Wedbush upgraded shares of The Cheesecake Factory from a “neutral” rating to an “outperform” rating in a research report on Friday, November 13th. Wells Fargo & Company boosted their price target on shares of The Cheesecake Factory from $30.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Monday, November 9th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.50.
NASDAQ:CAKE opened at $43.44 on Tuesday. The Cheesecake Factory has a 12 month low of $14.52 and a 12 month high of $43.86. The company’s 50-day moving average price is $38.00 and its two-hundred day moving average price is $31.19. The firm has a market cap of $1.98 billion, a PE ratio of -31.94, a price-to-earnings-growth ratio of 2.70 and a beta of 1.68. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 1.17.
The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Thursday, October 29th. The restaurant operator reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.51) by $0.18. The Cheesecake Factory had a negative net margin of 1.89% and a negative return on equity of 8.77%. The company had revenue of $517.70 million for the quarter, compared to analyst estimates of $489.97 million. During the same period in the prior year, the business earned $0.59 earnings per share. The Cheesecake Factory’s quarterly revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that The Cheesecake Factory will post -1.2 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of CAKE. Verdence Capital Advisors LLC lifted its stake in The Cheesecake Factory by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 10,315 shares of the restaurant operator’s stock valued at $286,000 after acquiring an additional 437 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of The Cheesecake Factory by 15.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,172 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 697 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of The Cheesecake Factory in the third quarter valued at about $28,000. Captrust Financial Advisors bought a new position in shares of The Cheesecake Factory in the second quarter valued at about $25,000. Finally, California State Teachers Retirement System raised its position in shares of The Cheesecake Factory by 2.0% in the third quarter. California State Teachers Retirement System now owns 64,081 shares of the restaurant operator’s stock valued at $1,778,000 after purchasing an additional 1,250 shares during the period. 93.07% of the stock is owned by institutional investors.
The Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. As of February 26, 2020, it owned and operated 294 restaurants in the United States and Canada under the brands of The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 26 The Cheesecake Factory restaurants operated under licensing agreements internationally.
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