Cheesecake Factory (NASDAQ:CAKE) had its target price raised by Piper Jaffray Companies from $45.00 to $52.00 in a research note published on Monday morning, Marketbeat reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other brokerages have also commented on CAKE. Zacks Investment Research raised shares of Cheesecake Factory from a sell rating to a hold rating in a report on Thursday, January 4th. Morgan Stanley decreased their price objective on shares of Cheesecake Factory from $48.00 to $44.00 and set an equal weight rating on the stock in a report on Thursday, November 2nd. Nomura decreased their price objective on shares of Cheesecake Factory from $43.00 to $40.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. Canaccord Genuity decreased their price objective on shares of Cheesecake Factory from $50.00 to $48.00 and set a hold rating on the stock in a report on Thursday, November 2nd. Finally, Maxim Group reduced their target price on shares of Cheesecake Factory from $57.00 to $54.00 and set a buy rating on the stock in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Cheesecake Factory has an average rating of Hold and a consensus price target of $48.56.

Shares of Cheesecake Factory (NASDAQ:CAKE) traded down $1.08 during trading hours on Monday, reaching $47.42. 995,237 shares of the company’s stock were exchanged, compared to its average volume of 1,140,000. Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The company has a market cap of $2,170.00, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.31 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The company had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. During the same period in the prior year, the company earned $0.70 EPS. The firm’s revenue was down .8% compared to the same quarter last year. analysts expect that Cheesecake Factory will post 2.6 EPS for the current year.

In other Cheesecake Factory news, Director Herbert Simon bought 25,000 shares of Cheesecake Factory stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $43.50 per share, with a total value of $1,087,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. bought a new position in Cheesecake Factory during the 2nd quarter worth approximately $353,000. Sciencast Management LP bought a new position in Cheesecake Factory during the 2nd quarter worth approximately $357,000. Public Employees Retirement System of Ohio boosted its stake in Cheesecake Factory by 8.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock worth $3,137,000 after acquiring an additional 5,938 shares during the last quarter. Bridgewater Associates LP bought a new position in Cheesecake Factory during the 2nd quarter worth approximately $606,000. Finally, Macquarie Group Ltd. boosted its stake in Cheesecake Factory by 18.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,351,873 shares of the restaurant operator’s stock worth $67,999,000 after acquiring an additional 209,711 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

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About Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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