Cheesecake Factory (NASDAQ:CAKE) Stock Price Expected to Rise, Mizuho Analyst Says

Cheesecake Factory (NASDAQ:CAKE – Get Free Report) had its target price increased by Mizuho from $93.00 to $110.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Mizuho‘s price objective indicates a potential downside of 2.17% from the stock’s previous close.

A number of other equities analysts have also weighed in on CAKE. Argus upped their price target on shares of Cheesecake Factory from $72.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group raised their price objective on shares of Cheesecake Factory from $53.00 to $60.00 and gave the company a “sell” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Cheesecake Factory from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Citigroup increased their price target on Cheesecake Factory from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.80.

Get Our Latest Research Report on Cheesecake Factory

Cheesecake Factory Stock Down 1.7%

CAKE stock opened at $112.44 on Friday. Cheesecake Factory has a twelve month low of $43.07 and a twelve month high of $118.63. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.60 billion, a P/E ratio of 30.47, a PEG ratio of 1.84 and a beta of 1.04. The business’s 50-day moving average price is $107.83 and its 200-day moving average price is $86.27.

Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last released its earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $999.54 million. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Cheesecake Factory will post 4.63 EPS for the current year.

Insider Buying and Selling at Cheesecake Factory

In other news, Director Edie Ames sold 3,000 shares of Cheesecake Factory stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $106.95, for a total transaction of $320,850.00. Following the sale, the director owned 10,000 shares in the company, valued at $1,069,500. This trade represents a 23.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janice L. Meyer sold 1,958 shares of Cheesecake Factory stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $109.36, for a total transaction of $214,126.88. Following the sale, the director owned 21,251 shares in the company, valued at approximately $2,324,009.36. The trade was a 8.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 213,749 shares of company stock worth $22,301,899. Insiders own 8.00% of the company’s stock.

Institutional Trading of Cheesecake Factory

Several hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $35,000. Allworth Financial LP bought a new stake in shares of Cheesecake Factory in the second quarter worth about $36,000. NFSG Corp increased its holdings in shares of Cheesecake Factory by 115.8% in the first quarter. NFSG Corp now owns 682 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Cheesecake Factory in the second quarter worth about $57,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Cheesecake Factory in the third quarter worth about $83,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

About Cheesecake Factory

(Get Free Report)

The Cheesecake Factory Incorporated is a restaurant company best known for The Cheesecake Factory, a full-service casual dining brand offering an extensive menu of American and international-inspired dishes, along with a broad selection of cheesecakes and other desserts. The company also operates North Italia, an Italian restaurant concept, and owns Fox Restaurant Concepts, which develops and operates additional restaurant brands, including Flower Child and Culinary Dropout.

The company was founded by David Overton, who opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978 after his parents began a cheesecake business.

Further Reading

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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