Cheesecake Factory (NASDAQ:CAKE) PT lowered to $30.00 at UBS Group

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Cheesecake Factory (NASDAQ:CAKE – Get a rating) had its price target lowered by the UBS Group from $42.00 to $30.00 in a research report published on Tuesday, reports The Fly. UBS Group currently has a neutral rating on the restaurant operator’s shares.

Several other brokerages also recently commented on CAKE. Morgan Stanley cut its price target on Cheesecake Factory from $37.00 to $26.00 and set an underweight rating on the stock in a Monday, July 18 report. Barclays cut its price target on Cheesecake Factory from $39.00 to $32.00 and set an underweight rating on the stock in a Thursday, June 9 report. Deutsche Bank Aktiengesellschaft cut its price target on Cheesecake Factory from $43.00 to $35.00 and set a hold rating on the stock in a Tuesday, July 5 report. Citigroup cut its target price on Cheesecake Factory from $52.00 to $43.00 and set a buy rating on the stock in a Thursday, June 16 report. Finally, Piper Sandler cut her price target on Cheesecake Factory from $38.00 to $30.00 and set a neutral rating on the stock in a Monday July 11 report. Two analysts rated the stock with a sell rating, six gave the company a hold rating and six gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $44.15.

Cheesecake Factory down 4.1%

NASDAQ CAKE opened at $26.87 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt ratio of 1.31. Cheesecake Factory has a 12-month low of $26.05 and a 12-month high of $55.31. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.91, a growth price-to-earnings ratio of 1.23 and a beta of 1.45. The company’s 50-day moving average is $29.13 and its 200-day moving average is $34.59.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The restaurateur reported earnings per share of $0.47 for the quarter, missing the consensus estimate of $0.50 per ($0.03). The company posted revenue of $793.71 million for the quarter, versus analyst estimates of $782.10 million. Cheesecake Factory achieved a net margin of 2.96% and a return on equity of 38.98%. During the same period last year, the company achieved EPS of $0.20. As a group, sell-side analysts expect Cheesecake Factory to post 2.74 EPS for the current fiscal year.

Cheesecake Factory Institutional Trading

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in CAKE. The New York State Teachers’ Retirement System increased its position in Cheesecake Factory 1.4% in Q4. The New York State Teachers’ Retirement System now owns 71,903 shares of the restaurateur valued at $2,815,000 after buying an additional 998 shares last quarter. Allspring Global Investments Holdings LLC acquired a new position in Cheesecake Factory during Q4, valued at approximately $8,482,000. State of New Jersey Common Pension Fund D increased its stake in Cheesecake Factory by 6.5% during the 4th quarter. New Jersey State Joint Pension Fund D now owns 67,678 shares of the restaurateur valued at $2,650,000 after buying 4,144 additional shares in the last quarter. Yousif Capital Management LLC acquired a new position in Cheesecake Factory during Q4 worth approximately $1,459,000. Finally, Qube Research & Technologies Ltd increased its stake in Cheesecake Factory by 32.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 8,652 shares of the restaurateur valued at $339,000 after buying 2,131 additional shares in the last quarter. 87.42% of the shares are held by institutional investors.

Company Profile Cheesecake Factory

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The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that manufacture cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers and distributors. The company owns and operates 306 restaurants in the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under international licensing agreements.

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