Brokerages Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) PT at $49.40

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $49.40.

A number of equities analysts have weighed in on CAKE shares. Barclays increased their target price on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. Wedbush upped their price objective on shares of Cheesecake Factory from $52.00 to $59.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th.

Cheesecake Factory Trading Down 1.2 %

NASDAQ:CAKE opened at $55.62 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The firm has a market cap of $2.84 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.35 and a beta of 1.51. The firm’s fifty day moving average is $50.30 and its 200-day moving average is $44.14. Cheesecake Factory has a 52 week low of $33.05 and a 52 week high of $57.32.

Institutional Investors Weigh In On Cheesecake Factory

Several institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Cheesecake Factory during the fourth quarter valued at about $25,000. Versant Capital Management Inc increased its stake in Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock worth $29,000 after buying an additional 320 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Cheesecake Factory by 1,149.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 1,207 shares in the last quarter. KBC Group NV boosted its stake in shares of Cheesecake Factory by 46.9% during the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 741 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Cheesecake Factory by 208.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,628 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,777 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.