Cheesecake Factory (NASDAQ:CAKE): Nomura Maintains Neutral Rating Today, Has a Target of $40/Share

November 14, 2017 - By Adrian Mccoy

 Cheesecake Factory (NASDAQ:CAKE): Nomura Maintains Neutral Rating Today, Has a Target of $40/Share

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.18, from 1.1 in 2017Q1. It is positive, as 40 investors sold Cheesecake Factory Inc shares while 76 reduced holdings. 46 funds opened positions while 102 raised stakes. 44.64 million shares or 1.12% less from 45.15 million shares in 2017Q1 were reported.

Nationwide Fund Advsrs has 120,778 shares. Moreover, Vanguard Grp Inc has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.01% or 6,510 shares in its portfolio. Belgium-based Kbc Group Inc Nv has invested 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Susquehanna Gru Limited Liability Partnership stated it has 63,816 shares. Teachers Retirement System Of The State Of Kentucky reported 9,910 shares or 0.01% of all its holdings. Parkside Natl Bank accumulated 54 shares. Schwab Charles Investment Mngmt accumulated 304,130 shares or 0.01% of the stock. Sei Investments Communications holds 0.02% in Cheesecake Factory Inc (NASDAQ:CAKE) or 81,097 shares. Parametric Portfolio Assoc Ltd Liability Corp has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Huntington National Bank & Trust reported 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Weiss Multi has 110,950 shares for 0.24% of their portfolio. Bnp Paribas Arbitrage invested in 65,428 shares or 0.01% of the stock. Balyasny Asset Ltd Limited Liability Company holds 0.03% or 150,536 shares in its portfolio. Retirement System Of Alabama stated it has 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE).

Since May 23, 2017, it had 1 buying transaction, and 2 selling transactions for $711,223 activity. On Tuesday, May 23 ZURZOLO DEBBY R sold $354,892 worth of Cheesecake Factory Inc (NASDAQ:CAKE) or 6,000 shares.

Cheesecake Factory (NASDAQ:CAKE) Rating Reaffirmed

Nomura now has a $40 PT on shares of Cheesecake Factory (NASDAQ:CAKE). The PT suggests a potential downside of -10.91 % from the close price of Cheesecake Factory (NASDAQ:CAKE). This rating was revealed to investors in a research report on Thursday, 2 November.

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.18, from 1.1 in 2017Q1. It is positive, as 40 investors sold Cheesecake Factory Inc shares while 76 reduced holdings. 46 funds opened positions while 102 raised stakes. 44.64 million shares or 1.12% less from 45.15 million shares in 2017Q1 were reported.

Nationwide Fund Advsrs has 120,778 shares. Moreover, Vanguard Grp Inc has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.01% or 6,510 shares in its portfolio. Belgium-based Kbc Group Inc Nv has invested 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Susquehanna Gru Limited Liability Partnership stated it has 63,816 shares. Teachers Retirement System Of The State Of Kentucky reported 9,910 shares or 0.01% of all its holdings. Parkside Natl Bank accumulated 54 shares. Schwab Charles Investment Mngmt accumulated 304,130 shares or 0.01% of the stock. Sei Investments Communications holds 0.02% in Cheesecake Factory Inc (NASDAQ:CAKE) or 81,097 shares. Parametric Portfolio Assoc Ltd Liability Corp has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE). Huntington National Bank & Trust reported 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Weiss Multi has 110,950 shares for 0.24% of their portfolio. Bnp Paribas Arbitrage invested in 65,428 shares or 0.01% of the stock. Balyasny Asset Ltd Limited Liability Company holds 0.03% or 150,536 shares in its portfolio. Retirement System Of Alabama stated it has 0.02% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE).

Since May 23, 2017, it had 1 buying transaction, and 2 selling transactions for $711,223 activity. On Tuesday, May 23 ZURZOLO DEBBY R sold $354,892 worth of Cheesecake Factory Inc (NASDAQ:CAKE) or 6,000 shares.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 18 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. The Cheesecake Factory Incorporated has $70 highest and $40 lowest target. $50.80’s average target is 13.14% above currents $44.9 stock price. The Cheesecake Factory Incorporated had 54 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $48 target in Thursday, August 3 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, November 2 report. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Equal-Weight” rating by Stephens on Wednesday, November 16. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Hold” rating by Canaccord Genuity on Friday, October 20. As per Wednesday, June 14, the company rating was maintained by Maxim Group. As per Friday, June 2, the company rating was maintained by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $70 target in Thursday, July 23 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, July 19. As per Tuesday, September 26, the company rating was downgraded by Wedbush. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Buy” rating by Argus Research on Tuesday, November 15.

The stock increased 2.05% or $0.9 during the last trading session, reaching $44.9. About 1.76M shares traded or 15.79% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since November 14, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

Analysts expect Cheesecake Factory Inc (NASDAQ:CAKE) to report $0.53 EPS on February, 28.They anticipate $0.14 EPS change or 20.90 % from last quarter’s $0.67 EPS. CAKE’s profit would be $24.32M giving it 21.18 P/E if the $0.53 EPS is correct. After having $0.56 EPS previously, Cheesecake Factory Inc’s analysts see -5.36 % EPS growth.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $2.06 billion. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. It has a 16.57 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other.

More notable recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Streetinsider.com which released: “Form 4 CHEESECAKE FACTORY INC For: Nov 08 Filed by: Ames Edie A” on November 09, 2017, also Nasdaq.com with their article: “The Cheesecake Factory Incorporated (CAKE) Ex-Dividend Date Scheduled for …” published on November 13, 2017, Zacks.com published: “Will Soft Comps Hurt Cheesecake Factory (CAKE) Q3 Earnings?” on October 30, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Investorplace.com and their article: “Have Investors Lost Their Taste for Cheesecake Factory Inc?” published on November 06, 2017 as well as Nasdaq.com‘s news article titled: “Cheesecake Factory Expands Amid a Challenging Environment” with publication date: October 19, 2017.

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