UBS Group Forecasts Strong Price Appreciation for Cheesecake Factory (NASDAQ:CAKE) Stock

Cheesecake Factory (NASDAQ:CAKE) had its price objective raised by research analysts at UBS Group from $41.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sell” rating on the restaurant operator’s stock. UBS Group’s target price points to a potential downside of 17.66% from the stock’s current price.

Other analysts also recently issued reports about the stock. Piper Sandler boosted their target price on shares of Cheesecake Factory from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James boosted their target price on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of Cheesecake Factory in a research note on Thursday. Finally, Robert W. Baird upped their price target on shares of Cheesecake Factory from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.19.

Cheesecake Factory Price Performance

Shares of NASDAQ:CAKE opened at $54.65 on Thursday. Cheesecake Factory has a one year low of $33.05 and a one year high of $57.32. The stock has a fifty day moving average of $51.16 and a 200-day moving average of $45.46. The company has a market capitalization of $2.79 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results 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 net margin of 4.38% and a return on equity of 45.89%. The company had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. 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 bought and sold shares of the business. Quest Partners LLC bought a new stake in Cheesecake Factory in the third quarter worth $973,000. Principal Financial Group Inc. boosted its holdings in Cheesecake Factory by 9.6% in the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after purchasing an additional 22,416 shares in the last quarter. New Century Financial Group LLC bought a new stake in Cheesecake Factory in the fourth quarter worth $1,142,000. Janney Montgomery Scott LLC bought a new stake in Cheesecake Factory in the fourth quarter worth $270,000. Finally, Victory Capital Management Inc. boosted its holdings in Cheesecake Factory by 32.7% in the third quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after purchasing an additional 99,341 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

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.