The Cheesecake Factory Incorporated (NASDAQ:CAKE) Downgraded to Sell at BidaskClub

The Cheesecake Factory Incorporated (NASDAQ:CAKE) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, June 22nd.

Several other equities analysts have also issued reports on CAKE. Telsey Advisory Group raised their price objective on The Cheesecake Factory from $61.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Jefferies Group LLC reissued a “sell” rating and set a $52.00 price target on shares of The Cheesecake Factory in a report on Thursday, February 23rd. Zacks Investment Research lowered The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Finally, Maxim Group restated a “hold” rating and issued a $65.00 price objective (up previously from $59.00) on shares of The Cheesecake Factory in a research report on Monday, May 1st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.82.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 0.83% during mid-day trading on Thursday, hitting $49.72. The stock had a trading volume of 110,766 shares. The company has a market cap of $2.29 billion, a PE ratio of 17.38 and a beta of 0.33. The stock’s 50-day moving average is $55.93 and its 200 day moving average is $60.19. The Cheesecake Factory has a 12 month low of $48.99 and a 12 month high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, May 3rd. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. The firm had revenue of $563.43 million for the quarter, compared to analysts’ expectations of $565.42 million. The Cheesecake Factory had a return on equity of 23.35% and a net margin of 6.15%. On average, equities research analysts forecast that The Cheesecake Factory will post $2.87 earnings per share for the current fiscal year.

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In other news, CFO Doug Benn sold 16,901 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $64.02, for a total value of $1,082,002.02. Following the sale, the chief financial officer now owns 70,261 shares in the company, valued at approximately $4,498,109.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Debby R. Zurzolo sold 6,424 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $59.09, for a total transaction of $379,594.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,325 shares of company stock worth $1,816,496. Company insiders own 8.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 395 shares during the period. Tyers Asset Management LLC bought a new position in The Cheesecake Factory during the fourth quarter valued at about $125,000. TrimTabs Asset Management LLC boosted its position in The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 968 shares during the period. Parallel Advisors LLC boosted its position in The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 235 shares during the period. Finally, Flinton Capital Management LLC bought a new position in The Cheesecake Factory during the fourth quarter valued at about $159,000. Hedge funds and other institutional investors own 96.94% of the company’s stock.

The 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 The Cheesecake Factory (NASDAQ:CAKE)

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