Barclays Increases Cheesecake Factory (NASDAQ:CAKE) Price Target to $50.00

Cheesecake Factory (NASDAQ:CAKE) had its target price boosted by investment analysts at Barclays from $46.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price indicates a potential downside of 8.51% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group upped their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on Cheesecake Factory from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on Cheesecake Factory from $36.00 to $41.00 and gave the company a “sell” rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.19.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE opened at $54.65 on Thursday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.30 and a beta of 1.51. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $51.16 and its two-hundred day simple moving average is $45.46. Cheesecake Factory has a twelve month low of $33.05 and a twelve month high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. As a group, equities analysts anticipate that Cheesecake Factory will post 3.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently made changes to their positions in the business. Quest Partners LLC bought a new stake in shares of Cheesecake Factory in the 3rd quarter worth approximately $973,000. Principal Financial Group Inc. grew its position in shares of Cheesecake Factory by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after buying an additional 22,416 shares during the last quarter. New Century Financial Group LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $1,142,000. Janney Montgomery Scott LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $270,000. Finally, Victory Capital Management Inc. grew its position in shares of Cheesecake Factory by 32.7% in the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after buying an additional 99,341 shares during the last quarter. 94.48% of the stock is currently owned by 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.