The stock of Cheesecake Factory Inc (NASDAQ:CAKE) hit a new 52-week high and has $63.42 target or 4.00% above today’s $60.98 share price. The 7 months bullish chart indicates low risk for the $2.89B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $63.42 price target is reached, the company will be worth $115.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 543,772 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 15.57% since April 28, 2016 and is uptrending. It has outperformed by 9.64% the S&P500.
Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on February, 21. They expect $0.67 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.75M for 22.75 P/E if the $0.67 EPS becomes a reality. After $0.70 actual EPS reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.
Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage
Out of 10 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. The Cheesecake Factory Incorporated has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Hold” rating given on Tuesday, November 15 by Maxim Group. Stephens downgraded Cheesecake Factory Inc (NASDAQ:CAKE) on Wednesday, November 16 to “Equal-Weight” rating. The firm has “Buy” rating given on Tuesday, October 27 by Stifel Nicolaus. The firm has “Hold” rating by Wunderlich given on Thursday, July 23. The firm has “Sell” rating by Stifel Nicolaus given on Tuesday, July 26. The firm has “Buy” rating by Argus Research given on Tuesday, November 15. As per Tuesday, September 29, the company rating was initiated by Telsey Advisory Group. The company was upgraded on Tuesday, October 27 by BTIG Research. The firm earned “Buy” rating on Tuesday, February 9 by Maxim Group.
According to Zacks Investment Research, “The Cheesecake Factory operates many upscale, high volume, casual dining restaurants. They offer over 200 menu items including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, salads, sandwiches, omelets and signature desserts including over 40 varieties of cheesecake.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.06, from 1.07 in 2016Q1. The ratio turned negative, as 25 funds sold all Cheesecake Factory Inc shares owned while 82 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 41.87 million shares or 2.30% less from 42.86 million shares in 2016Q1.
Eulav Asset Mgmt has invested 0.13% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Nuveen Asset Ltd Liability holds 20,063 shares or 0.01% of its portfolio. Glenmede Tru Communication Na, a Pennsylvania-based fund reported 8,289 shares. Lord Abbett And Co Ltd Co accumulated 234,000 shares or 0.04% of the stock. Bessemer Grp Inc holds 120 shares or 0% of its portfolio. Invest Advisors holds 1.37% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 24,165 shares. Texas Permanent School Fund has invested 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Schroder Management Gp accumulated 450,300 shares or 0.04% of the stock. Sg Americas Secs Ltd Liability holds 0.02% or 65,836 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky accumulated 0.01% or 11,600 shares. Putnam Investments holds 0.01% or 77,985 shares in its portfolio. Dumont And Blake Investment Advsrs Ltd Liability Co holds 0.32% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE) for 11,660 shares. Moreover, Great West Life Assurance Company Can has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 25,938 shares. Ngam Advisors L P reported 13,812 shares or 0.01% of all its holdings. Moreover, Thrivent For Lutherans has 0.18% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 777,820 shares.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 10 sales for $9.48 million net activity. Shares for $725,022 were sold by BENN DOUG. OVERTON DAVID also sold $6.32M worth of Cheesecake Factory Inc (NASDAQ:CAKE) shares. Gordon David M sold 15,000 shares worth $889,506. $57,127 worth of Cheesecake Factory Inc (NASDAQ:CAKE) was sold by SLOMANN CHERYL on Thursday, November 17. On Tuesday, November 22 the insider ZURZOLO DEBBY R sold $35,400. Shares for $427,403 were sold by KRANSDORF JEROME I.
More news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Businesswire.com, which released: “The Cheesecake Factory to Present at the Barclays Eat, Sleep, Play â€“ It’s Not …” on November 22, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” and published on November 03, 2016 is yet another important article.
CAKE Company Profile
The Cheesecake Factory Incorporated, incorporated on February 13, 1992, is engaged in the restaurant and bakery business. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers.
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