Cheesecake Factory (NASDAQ:CAKE) Given New $52.00 Price Target at Wells Fargo & Company

Cheesecake Factory (NASDAQ:CAKE) had its price target upped by equities researchers at Wells Fargo & Company from $45.00 to $52.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 4.85% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Bank of America lifted their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Cheesecake Factory in a report on Thursday. Wedbush increased their price target on shares of Cheesecake Factory from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group boosted their price objective on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a report on Tuesday, January 7th. Finally, Barclays upped their target price on Cheesecake Factory from $46.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and a consensus target price of $52.19.

Cheesecake Factory Stock Down 0.6 %

Cheesecake Factory stock opened at $54.65 on Thursday. Cheesecake Factory has a fifty-two week low of $33.05 and a fifty-two week high of $57.32. The firm has a market capitalization of $2.79 billion, a PE ratio of 17.08, a P/E/G ratio of 1.30 and a beta of 1.51. The company’s 50-day moving average is $51.16 and its 200-day moving average is $45.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. Sell-side analysts anticipate that Cheesecake Factory will post 3.7 earnings per share for the current year.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Cheesecake Factory in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its position in Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Cheesecake Factory during the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC lifted its stake in Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 741 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Company Profile

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.