BidaskClub downgraded shares of Cheesecake Factory (NASDAQ:CAKE) from a buy rating to a hold rating in a research report report published on Thursday, September 13th.

CAKE has been the topic of several other research reports. BTIG Research lowered shares of Cheesecake Factory from a buy rating to a neutral rating in a report on Monday, June 18th. They noted that the move was a valuation call. Wedbush reiterated a hold rating and set a $55.00 price objective on shares of Cheesecake Factory in a report on Wednesday, August 1st. Maxim Group upped their price objective on shares of Cheesecake Factory from $57.00 to $60.00 and gave the company a buy rating in a report on Thursday, June 14th. Barclays decreased their target price on shares of Cheesecake Factory from $56.00 to $54.00 and set an equal weight rating for the company in a research report on Wednesday, August 1st. Finally, ValuEngine raised shares of Cheesecake Factory from a hold rating to a buy rating in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $51.73.

Shares of NASDAQ CAKE traded down $0.24 during midday trading on Thursday, reaching $51.57. 550,374 shares of the company were exchanged, compared to its average volume of 946,547. The stock has a market cap of $2.45 billion, a PE ratio of 19.83, a PEG ratio of 1.53 and a beta of 0.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.48. Cheesecake Factory has a one year low of $41.01 and a one year high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, July 31st. The restaurant operator reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.16). The business had revenue of $593.20 million for the quarter, compared to analyst estimates of $592.40 million. Cheesecake Factory had a return on equity of 17.87% and a net margin of 6.00%. Cheesecake Factory’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. As a group, sell-side analysts predict that Cheesecake Factory will post 2.43 earnings per share for the current fiscal year.

In other Cheesecake Factory news, insider Cheryl Slomann sold 1,005 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $52.94, for a total value of $53,204.70. Following the transaction, the insider now directly owns 12,106 shares in the company, valued at $640,891.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edie A. Ames bought 500 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was bought at an average price of $52.83 per share, for a total transaction of $26,415.00. Following the completion of the purchase, the director now owns 1,430 shares of the company’s stock, valued at $75,546.90. The disclosure for this purchase can be found here. Corporate insiders own 8.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Summit Trail Advisors LLC boosted its stake in Cheesecake Factory by 4,556.6% in the first quarter. Summit Trail Advisors LLC now owns 855,513 shares of the restaurant operator’s stock valued at $856,000 after acquiring an additional 837,141 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Cheesecake Factory by 96.0% during the 2nd quarter. Schroder Investment Management Group now owns 1,237,553 shares of the restaurant operator’s stock valued at $79,973,000 after buying an additional 606,024 shares in the last quarter. Interval Partners LP purchased a new stake in shares of Cheesecake Factory during the 1st quarter valued at approximately $24,592,000. BlackRock Inc. lifted its stake in shares of Cheesecake Factory by 8.3% during the 2nd quarter. BlackRock Inc. now owns 5,177,817 shares of the restaurant operator’s stock valued at $285,089,000 after buying an additional 398,351 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Cheesecake Factory during the 1st quarter valued at approximately $12,460,000.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Featured Article: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.