The brokerage now has a "neutral" rating on the restaurant operator's stock. The company has an average rating of "Hold" and an average target price of $58.06. That suggests something of the likelihood of a short squeeze in shares of CAKE. Piper Jaffray Companies restated a "buy" rating and set a $65.00 price target on shares of The Cheesecake Factory in a report on Wednesday, July 26th. Canaccord Genuity reaffirmed a "hold" rating and issued a $60.00 price target on shares of The Cheesecake Factory in a report on Friday, June 16th. Finally, Zacks Investment Research raised The Cheesecake Factory from a sell rating to a hold rating in a research report on Tuesday, April 25th. They noted that the move was a valuation call.
TRADEMARK VIOLATION WARNING: This piece was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. ZURZOLO DEBBY R also sold $99,024 worth of Cheesecake Factory Inc (NASDAQ:CAKE) shares. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Hedge funds and other institutional investors own 96.93% of the company's stock.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) has received an average recommendation of "Hold" from the twenty brokerages that are presently covering the firm, MarketBeat reports. Schwab Charles Investment Management Inc. now owns 304,130 shares of the restaurant operator's stock worth $15,298,000 after buying an additional 10,866 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of The Cheesecake Factory by 89.0% in the first quarter. Often times a company will post better than expected numbers but the stock will drop in price. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator's stock worth $132,000 after buying an additional 235 shares during the period. Parallel Advisors LLC boosted its position in shares of The Cheesecake Factory by 13.5% in the first quarter. UBS Asset Management Americas Inc. now owns 81,051 shares of the restaurant operator's stock valued at $4,854,000 after buying an additional 51,562 shares during the period. Tyers Asset Management LLC boosted its position in shares of The Cheesecake Factory by 1.1% in the first quarter. Rice Hall James & Associates LLC now owns 408,952 shares of the restaurant operator's stock worth $20,570,000 after buying an additional 76,605 shares in the last quarter. 2,017,485 shares of the company's stock traded hands. Acadian Asset Ltd Llc owns 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 28,386 shares. The stock had a trading volume of 2,311,824 shares. The Cheesecake Factory has a 1-year low of $44.24 and a 1-year high of $67.14. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.5591 and a beta of 0.32. Extending back, their 50-Day Simple Moving Average is -14.78%, looking even further back, their 200-Day Simple Moving Average stands at -23.14%.
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In many cases, Austrac said, the deposits were broken into amounts small enough to avoid triggering the bank's reporting obligation.
Analysts are weighing in on restaurant operator Cheesecake Factory Inc (NASDAQ:CAKE), wearable tech issue Fitbit Inc (NYSE:FIT), and cybersecurity stock Symantec Corporation (NASDAQ:SYMC). The company reported the earnings of $0.72/Share in the last quarter where the estimated EPS by analysts was $0.73/share.
Cheesecake Factory Stock Chewed Up After Earnings Cheesecake Factory stock is down 5.3% to trade at $44.59, and just hit an annual low of $44.24, after the firm reported second-quarter revenue just shy of expectations, and lowered its full-year guidance. The Cheesecake Factory had a return on equity of 23.35% and a net margin of 6.15%. The business's revenue was up 2.0% on a year-over-year basis.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business.
The biggest institutional shareholders in The Cheesecake Factory Incorporated include Vanguard Group Inc which owns 4 million shares in the company valued at $255.03 million.
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