The stock of Cheesecake Factory Inc (NASDAQ:CAKE) hit a new 52-week high and has $63.58 target or 6.00% above today’s $59.98 share price. The 7 months bullish chart indicates low risk for the $2.89B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $63.58 price target is reached, the company will be worth $173.40 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 180,311 shares traded hands. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 18.02% since April 21, 2016 and is uptrending. It has outperformed by 12.69% 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 $32.28M for 22.38 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 Tuesday, October 27 the stock rating was upgraded by BTIG Research to “Buy”. The firm earned “Sell” rating on Tuesday, July 26 by Stifel Nicolaus. As per Thursday, July 23, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 27. The firm has “Hold” rating given on Tuesday, November 15 by Maxim Group. The company was maintained on Thursday, October 27 by Maxim Group. Maxim Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) rating on Tuesday, February 9. Maxim Group has “Buy” rating and $57 price target. Telsey Advisory Group initiated the shares of CAKE in a report on Tuesday, September 29 with “Market Perform” rating. On Thursday, July 23 the stock rating was maintained by Wunderlich with “Hold”. The firm has “Market Perform” rating given on Tuesday, October 27 by Telsey Advisory 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 Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio dropped, 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.
Ranger Mngmt L P owns 56,110 shares or 0.17% of their US portfolio. Bankshares Of Montreal Can accumulated 0% or 4,469 shares. Putnam Ltd Liability Corporation has 77,985 shares for 0.01% of their US portfolio. Thrivent Fincl For Lutherans holds 0.18% or 777,820 shares in its portfolio. Ameriprise owns 110,915 shares or 0% of their US portfolio. Everpoint Asset Limited Co holds 0.16% or 170,000 shares in its portfolio. Invesco Limited accumulated 0.02% or 1.11M shares. First Mercantile Trust has 0.04% invested in the company for 6,905 shares. Finemark Comml Bank holds 82 shares or 0% of its portfolio. Smithfield Com has invested 0.01% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Marshall Wace Limited Liability Partnership reported 69,176 shares or 0.03% of all its holdings. Stevens Cap L P holds 28,478 shares or 0.05% of its portfolio. Rh Dinel Investment Counsel last reported 4,505 shares in the company. Susquehanna Grp Limited Liability Partnership last reported 53,357 shares in the company. Hightower Advsr Ltd holds 0% or 5,547 shares in its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 8 insider sales for $8.53 million net activity. 6,512 shares with value of $345,135 were sold by BENN DOUG on Friday, July 22. Another trade for 109,539 shares valued at $6.32 million was made by OVERTON DAVID on Friday, November 18. Another trade for 600 shares valued at $35,400 was sold by ZURZOLO DEBBY R. SLOMANN CHERYL also sold $57,127 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Thursday, November 17. Another trade for 14,000 shares valued at $699,020 was made by BYFUGLIN MAX S on Friday, May 27. 7,500 shares were sold by KRANSDORF JEROME I, worth $427,403.
More news for Cheesecake Factory Inc (NASDAQ:CAKE) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” on November 03, 2016. Wsj.com‘s article titled: “Cheesecake Factory Posts Higher Profit” and published on April 28, 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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