Cheesecake Factory (NASDAQ:CAKE) Given New $38.00 Price Target at Deutsche Bank Aktiengesellschaft

Cheesecake Factory (NASDAQ:CAKE) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $37.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 3.43% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Stephens reiterated an “overweight” rating and set a $44.00 price objective on shares of Cheesecake Factory in a research report on Thursday. Robert W. Baird increased their price objective on Cheesecake Factory from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays increased their price objective on Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lowered Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Tuesday, January 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.50.

Cheesecake Factory Stock Performance

Shares of CAKE traded up $2.77 during mid-day trading on Thursday, reaching $36.74. The company’s stock had a trading volume of 1,749,929 shares, compared to its average volume of 842,060. Cheesecake Factory has a 1-year low of $28.58 and a 1-year high of $38.19. The business has a 50-day simple moving average of $35.14 and a two-hundred day simple moving average of $33.97. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.88 billion, a P/E ratio of 17.78, a PEG ratio of 1.12 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The business had revenue of $891.22 million for the quarter, compared to analysts’ expectations of $890.49 million. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Cheesecake Factory will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Cheesecake Factory

A number of hedge funds have recently made changes to their positions in the company. Studio Investment Management LLC bought a new position in shares of Cheesecake Factory during the third quarter worth about $25,000. Allspring Global Investments Holdings LLC raised its position in shares of Cheesecake Factory by 2,360.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 661 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Cheesecake Factory during the fourth quarter worth about $26,000. Quadrant Capital Group LLC raised its position in shares of Cheesecake Factory by 48.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 511 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Cheesecake Factory in the third quarter worth approximately $70,000. 94.48% of the stock is 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.