Cheesecake Factory (NASDAQ:CAKE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Cheesecake Factory (NASDAQ:CAKE) had its price target upped by stock analysts at Wells Fargo & Company from $45.00 to $52.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 4.85% from the stock’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Oppenheimer raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wedbush upped their target price on shares of Cheesecake Factory from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird raised their target price on shares of Cheesecake Factory from $52.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Cheesecake Factory has an average rating of “Hold” and a consensus target price of $52.19.

Cheesecake Factory Stock Performance

Shares of NASDAQ:CAKE opened at $54.65 on Thursday. The business has a fifty day moving average of $51.16 and a 200-day moving average of $45.46. The firm has a market cap of $2.79 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. Cheesecake Factory has a twelve month low of $33.05 and a twelve month high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The firm had revenue of $920.96 million during the quarter, compared to analysts’ expectations of $912.67 million. On average, equities research analysts predict that Cheesecake Factory will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Cheesecake Factory in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Cheesecake Factory by 108.1% in the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 320 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cheesecake Factory in the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC increased its position in shares of Cheesecake Factory by 1,149.5% during 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. Finally, KBC Group NV raised its holdings in shares of Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 741 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.