Cheesecake Factory (NASDAQ:CAKE): Bank of America Reaffirms Neutral Rating Today, Has a Target of $55/Share

June 14, 2018 - By Kristen Paramore

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Logo

Investors sentiment increased to 1.1 in Q1 2018. Its up 0.21, from 0.89 in 2017Q4. It is positive, as 21 investors sold The Cheesecake Factory Incorporated shares while 83 reduced holdings. 30 funds opened positions while 84 raised stakes. 46.52 million shares or 3.03% less from 47.98 million shares in 2017Q4 were reported.

Macquarie Grp reported 1.63 million shares. Jefferies Group Limited Liability Company stated it has 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Dean Invest Assoc Limited Liability Company reported 91,420 shares. Armistice Ltd holds 2.58% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE) for 700,000 shares. San Francisco Sentry Investment Grp (Ca) reported 0% stake. Aperio Grp Limited Co reported 0.01% stake. Suntrust Banks owns 17,868 shares for 0.01% of their portfolio. Us Comml Bank De holds 23,400 shares or 0% of its portfolio. Pnc Services Gru Incorporated reported 0% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Lucus Advsr Ltd Llc accumulated 1.67% or 20,000 shares. Neuberger Berman Grp Inc Ltd Liability Corp owns 0.05% invested in The Cheesecake Factory Incorporated (NASDAQ:CAKE) for 914,542 shares. Geode Cap Limited Com stated it has 0.01% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Rice Hall James And Assocs Limited Liability Company invested in 0.82% or 434,203 shares. Maverick Cap reported 0.1% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). State Street Corporation has 1.44 million shares.

Since February 15, 2018, it had 2 insider purchases, and 8 sales for $6.89 million activity. $10,488 worth of stock was bought by Ames Edie A on Wednesday, May 2. OVERTON DAVID also sold $4.84 million worth of The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Monday, April 30. SLOMANN CHERYL also sold $274,281 worth of The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Thursday, February 15. CAPPELLO ALEXANDER L bought $4,921 worth of The Cheesecake Factory Incorporated (NASDAQ:CAKE) on Monday, March 12.

Cheesecake Factory (NASDAQ:CAKE) Rating Reaffirmed

Bank of America now has a $55 target price on shares of Cheesecake Factory (NASDAQ:CAKE). The target price indicates a potential upside of 0.26 % from the stock close price of Cheesecake Factory (NASDAQ:CAKE). This rating was disclosed in an analyst note on Thursday, 14 June.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Ratings Coverage

Among 10 analysts covering Cheesecake Factory (NASDAQ:CAKE), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Cheesecake Factory has $5700 highest and $32 lowest target. $49.85’s average target is -9.13% below currents $54.86 stock price. Cheesecake Factory had 13 analyst reports since January 2, 2018 according to SRatingsIntel. Barclays Capital maintained the shares of CAKE in report on Wednesday, January 24 with “Equal-Weight” rating. The rating was maintained by Morgan Stanley on Thursday, February 22 with “Equal-Weight”. Stephens maintained The Cheesecake Factory Incorporated (NASDAQ:CAKE) rating on Thursday, February 22. Stephens has “Hold” rating and $48.0 target. The rating was maintained by Bank of America on Thursday, February 22 with “Neutral”. The company was maintained on Wednesday, April 25 by Jefferies. On Monday, January 8 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Hold” rating given on Friday, January 5 by Canaccord Genuity. The stock of The Cheesecake Factory Incorporated (NASDAQ:CAKE) has “Equal-Weight” rating given on Thursday, April 26 by Barclays Capital. The firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. The rating was maintained by Wells Fargo on Tuesday, February 6 with “Market Perform”.

The stock increased 0.81% or $0.44 during the last trading session, reaching $54.86. About 860,624 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has declined 13.29% since June 15, 2017 and is downtrending. It has underperformed by 25.86% the S&P500.

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on August, 1. They expect $0.81 earnings per share, up 3.85 % or $0.03 from last year’s $0.78 per share. CAKE’s profit will be $35.60 million for 16.93 P/E if the $0.81 EPS becomes a reality. After $0.56 actual earnings per share reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts 44.64 % EPS growth.

The Cheesecake Factory Incorporated operates restaurants primarily in the United States. The company has market cap of $2.41 billion. The firm also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. It has a 16.78 P/E ratio. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 currently under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements.

More recent The Cheesecake Factory Incorporated (NASDAQ:CAKE) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Also Seekingalpha.com published the news titled: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” on June 09, 2018. Bizjournals.com‘s news article titled: “California fines Cheesecake Factory $4.5M for wage violations” with publication date: June 12, 2018 was also an interesting one.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Institutional Positions Chart

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