Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a research note issued on Tuesday, Marketbeat reports. They currently have a $47.00 price objective on the restaurant operator’s stock, up from their prior price objective of $43.00. Barclays’ price target points to a potential downside of 1.24% from the company’s current price.

A number of other research analysts also recently commented on CAKE. TheStreet raised shares of Cheesecake Factory from a “c+” rating to a “b” rating in a report on Friday, January 5th. Morgan Stanley reduced 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 research report on Thursday, November 2nd. Maxim Group reduced their price objective on shares of Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Wedbush lowered shares of Cheesecake Factory from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $52.00 to $44.00 in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies increased their price objective on shares of Cheesecake Factory from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.81.

Shares of Cheesecake Factory (NASDAQ:CAKE) traded down $0.04 during trading hours on Tuesday, hitting $47.59. 810,500 shares of the company were exchanged, compared to its average volume of 1,039,155. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14. The company has a market cap of $2,190.00, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.24 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. During the same period in the previous year, the business posted $0.70 EPS. The firm’s revenue was down .8% on a year-over-year basis. equities research analysts predict that Cheesecake Factory will post 2.6 earnings per share for the current fiscal year.

In other news, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 cost of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. Company insiders own 8.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Cheesecake Factory by 17.6% during 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 holdings in Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Cheesecake Factory during the second quarter valued at approximately $205,000. BlueMountain Capital Management LLC purchased a new position in Cheesecake Factory during the second quarter valued at approximately $243,000. Finally, Ramsey Quantitative Systems purchased a new position in Cheesecake Factory during the second quarter valued at approximately $244,000.

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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 Cheesecake Factory (NASDAQ:CAKE)

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