Cheesecake Factory (NASDAQ:CAKE) now covered by Stephens

Analysts at Stephens assumed coverage of the shares of Cheesecake Factory (NASDAQ:CAKE – Get Rated) in a report published Thursday, reports The Fly. The firm placed an “overweight” rating on the restaurant operator’s shares.

Several other brokerages have also recently published reports on CAKE. Piper Sandler lowered her price target on the Cheesecake Factory from $38.00 to $30.00 and placed a “neutral” rating on the stock in a report on Monday, July 11. Deutsche Bank Aktiengesellschaft lowered its target price on Cheesecake Factory shares from $35.00 to $31.00 in a research note on Thursday, July 28. UBS Group lowered its price target on the Cheesecake Factory from $42.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 26. Morgan Stanley cut its price target on the Cheesecake Factory from $37.00 to $26.00 and placed an “underweight” rating on the stock in a research report on Monday, July 18. Finally, Citigroup raised its price target on Cheesecake Factory stock from $39.00 to $40.00 in a report on Thursday, July 28. Two analysts rated the stock a sell rating, five gave it a hold rating and six gave the stock a buy rating. According to, the company currently has an average “Hold” rating and a consensus price target of $42.83.

Cheesecake factory price performance

NASDAQ CAKE was down $2.22 during trading on Thursday, reaching $29.14. The company’s shares had a trading volume of 1,494,765 shares, compared to its average volume of 1,016,951. The company has a fifty-day moving average of $30.97 and a 200-day moving average of $32.61. Cheesecake Factory has a one year minimum of $26.05 and a one year maximum of $51.19. The firm has a debt-to-equity ratio of 1.29, a current ratio of 0.63, and a quick ratio of 0.54. The stock has a market capitalization of $1.52 billion, a PE ratio of 17.88, a P/E/E ratio of 1.83, and a beta of 1.40.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last announced its earnings results on Wednesday, July 27. The restaurant operator reported earnings per share (EPS) of $0.52 for the quarter, missing the consensus estimate of $0.79 per ($0.27). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The firm had revenue of $832.60 million during the quarter, compared to the consensus estimate of $836.64 million. During the same period of the previous year, the company recorded $0.80 EPS. The company’s revenue increased 8.3% year over year. Analysts expect the Cheesecake Factory to post 2.04 EPS for the current fiscal year.


Institutional entrances and exits

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tcwp LLC acquired a new stake in the Cheesecake Factory during the first quarter for $43,000. Lindbrook Capital LLC increased its position in Cheesecake Factory stock by 996.6% in the first quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator valued at $103,000 after purchasing an additional 2,362 shares during the period. Quantbot Technologies LP increased its position in Cheesecake Factory by 356.8% during the second quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator worth $104,000 after purchasing an additional 3,097 shares last quarter. Prospera Financial Services Inc increased its stake in Cheesecake Factory stock by 10.5% in the second quarter. Prospera Financial Services Inc now owns 4,058 shares of the restaurant operator valued at $107,000 after buying an additional 387 shares last quarter. Finally, KBC Group NV purchased a new position in the Cheesecake Factory during the second quarter for $111,000. Currently, 84.62% of the shares are owned by institutional investors and hedge funds.

About Cheesecake Factory

(Get rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produce cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery customers, third-party foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants in the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under international licensing agreements.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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