Today Maxim Group Keeps a Buy Rating on Cheesecake Factory (NASDAQ:CAKE) and a $57.0 Target Price

September 17, 2017 - By Clifton Ray

 Today Maxim Group Keeps a Buy Rating on Cheesecake Factory (NASDAQ:CAKE) and a $57.0 Target Price

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.08, from 1.01 in 2016Q3. It is positive, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.

The New York-based Qs Investors Limited Liability Company has invested 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Private Wealth Ptnrs Ltd Liability holds 0.1% or 7,000 shares in its portfolio. Hutchin Hill Ltd Partnership invested in 89,500 shares. Moreover, Blackrock Japan Limited has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 1,614 shares. Disciplined Growth Mn owns 1.03M shares. M&T Natl Bank stated it has 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). 33,002 were reported by Bnp Paribas Arbitrage Sa. Rothschild Asset Inc holds 327,635 shares or 0.25% of its portfolio. Oregon Employees Retirement Fund owns 0.02% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 15,431 shares. Cubist Systematic Strategies Lc invested in 0.11% or 23,838 shares. Natl Bank Of Mellon stated it has 0.03% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). D E Shaw & owns 4,530 shares or 0% of their US portfolio. Lazard Asset Management, a New York-based fund reported 100 shares. Btim Corporation invested in 0.49% or 508,414 shares. Dekabank Deutsche Girozentrale stated it has 0.05% in Cheesecake Factory Inc (NASDAQ:CAKE).

Since March 16, 2017, it had 1 insider purchase, and 3 sales for $813,447 activity. The insider ZURZOLO DEBBY R sold $379,619.

Cheesecake Factory (NASDAQ:CAKE) Rating Reaffirmed

In an analyst report revealed to clients and investors on 12 September, The Buy rating of Cheesecake Factory (NASDAQ:CAKE) shares was kept by Analysts at Maxim Group, who now has a $57.0 target price on the stock. Maxim Group’s target price suggests a possible upside of 39.88 % from the last stock close of the company.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.08, from 1.01 in 2016Q3. It is positive, as 24 investors sold Cheesecake Factory Inc shares while 99 reduced holdings. 51 funds opened positions while 83 raised stakes. 44.02 million shares or 4.42% more from 42.16 million shares in 2016Q3 were reported.

The New York-based Qs Investors Limited Liability Company has invested 0% in Cheesecake Factory Inc (NASDAQ:CAKE). Private Wealth Ptnrs Ltd Liability holds 0.1% or 7,000 shares in its portfolio. Hutchin Hill Ltd Partnership invested in 89,500 shares. Moreover, Blackrock Japan Limited has 0% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 1,614 shares. Disciplined Growth Mn owns 1.03M shares. M&T Natl Bank stated it has 0% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). 33,002 were reported by Bnp Paribas Arbitrage Sa. Rothschild Asset Inc holds 327,635 shares or 0.25% of its portfolio. Oregon Employees Retirement Fund owns 0.02% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 15,431 shares. Cubist Systematic Strategies Lc invested in 0.11% or 23,838 shares. Natl Bank Of Mellon stated it has 0.03% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). D E Shaw & owns 4,530 shares or 0% of their US portfolio. Lazard Asset Management, a New York-based fund reported 100 shares. Btim Corporation invested in 0.49% or 508,414 shares. Dekabank Deutsche Girozentrale stated it has 0.05% in Cheesecake Factory Inc (NASDAQ:CAKE).

Since March 16, 2017, it had 1 insider purchase, and 3 sales for $813,447 activity. The insider ZURZOLO DEBBY R sold $379,619.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Among 16 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. The Cheesecake Factory Incorporated has $70 highest and $44 lowest target. $53.77’s average target is 31.95% above currents $40.75 stock price. The Cheesecake Factory Incorporated had 42 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, June 13 by Jefferies. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Sell” rating given on Friday, June 2 by Jefferies. The firm has “Hold” rating by Jefferies given on Monday, July 17. The stock has “Hold” rating by Robert W. Baird on Wednesday, September 6. Wunderlich maintained it with “Hold” rating and $60 target in Thursday, July 23 report. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) has “Market Perform” rating given on Tuesday, September 29 by Telsey Advisory Group. Maxim Group initiated the shares of CAKE in report on Tuesday, February 9 with “Buy” rating. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Buy” rating by Argus Research on Tuesday, November 15. Oppenheimer maintained the stock with “Hold” rating in Wednesday, June 14 report. The firm has “Buy” rating by Piper Jaffray given on Thursday, August 3.

The stock increased 1.29% or $0.52 on September 15, reaching $40.75. About 1.57 million shares traded or 18.94% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 17, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

Wall Street await Cheesecake Factory Inc (NASDAQ:CAKE) to release earnings on October, 25. Analysts forecast earnings per share of $0.61, down exactly $0.09 or 12.86 % from 2014’s $0.7 EPS. The expected CAKE’s profit could reach $28.74 million giving the stock 16.70 P/E in the case that $0.61 earnings per share is reported. After posting $0.78 EPS for the previous quarter, Cheesecake Factory Inc’s analysts now forecast -21.79 % negative EPS growth.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has market cap of $1.92 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 14.27 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: Bloomberg.com which released: “Cheesecake Factory Is the Restaurant Slump’s Latest Victim” on June 13, 2017, also Providencejournal.com with their article: “Ex-dishwasher sues Cheesecake Factory, alleging sexual harassment” published on August 23, 2017, Streetinsider.com published: “Form 8-K CHEESECAKE FACTORY INC For: Sep 12” on September 12, 2017. More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Fortune.com and their article: “The Cheesecake Factory” published on September 15, 2017 as well as Fool.com‘s news article titled: “Why The Cheesecake Factory’s Stock Lost 13% in August” with publication date: September 08, 2017.

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