UBS Group Increases Cheesecake Factory (NASDAQ:CAKE) Price Target to $36.00

Cheesecake Factory (NASDAQ:CAKE) had its target price upped by analysts at UBS Group from $32.00 to $36.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “sell” rating on the restaurant operator’s stock. UBS Group’s target price would indicate a potential downside of 14.37% from the company’s previous close.

Several other equities research analysts have also issued reports on CAKE. JPMorgan Chase & Co. lowered their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird increased their price target on Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Bank of America upped their target price on Cheesecake Factory from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and set a $50.00 target price on shares of Cheesecake Factory in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and a consensus price target of $41.67.

Cheesecake Factory Stock Up 1.3 %

Shares of CAKE stock opened at $42.04 on Friday. Cheesecake Factory has a twelve month low of $29.27 and a twelve month high of $43.51. The stock has a market cap of $2.14 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.13 and a beta of 1.49. The stock has a 50 day moving average of $39.66 and a 200 day moving average of $38.14. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The firm had revenue of $904.04 million during the quarter, compared to analyst estimates of $909.19 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Cheesecake Factory will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in shares of Cheesecake Factory by 2,360.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 661 shares during the last quarter. New Century Financial Group LLC acquired a new stake in Cheesecake Factory during the first quarter worth about $1,108,000. Texas Permanent School Fund Corp raised its stake in Cheesecake Factory by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 40,881 shares of the restaurant operator’s stock worth $1,478,000 after purchasing an additional 547 shares during the period. Duality Advisers LP acquired a new position in Cheesecake Factory in the 1st quarter valued at about $1,829,000. Finally, Sciencast Management LP purchased a new stake in shares of Cheesecake Factory in the 1st quarter valued at approximately $400,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.