The Cheesecake Factory Incorporated (NASDAQ:CAKE) had its price target decreased by stock analysts at Morgan Stanley from $48.00 to $44.00 in a report released on Thursday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s target price suggests a potential downside of 1.65% from the company’s current price.

Several other research firms have also recently issued reports on CAKE. BidaskClub cut shares of The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wells Fargo & Company lowered their price target on shares of The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Nomura lowered their price target on shares of The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 3rd. Wedbush assumed coverage on shares of The Cheesecake Factory in a research report on Monday, July 10th. They issued an “outperform” rating and a $57.00 price target for the company. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 price target on shares of The Cheesecake Factory in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.41.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The Cheesecake Factory’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share.

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Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of The Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 482 shares during the period. Riverhead Capital Management LLC increased its stake in shares of The Cheesecake Factory by 105.5% in the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of The Cheesecake Factory in the second quarter worth $205,000. LS Investment Advisors LLC increased its stake in shares of The Cheesecake Factory by 17.0% in the second quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock worth $213,000 after acquiring an additional 615 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of The Cheesecake Factory by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock worth $218,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 97.52% of the company’s stock.

The Cheesecake Factory Company Profile

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 The Cheesecake Factory (NASDAQ:CAKE)

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