芝士蛋糕廠(納斯達克：蛋糕)目標價下調至35美元

Cheesecake Factory (NASDAQ:CAKE – Get Rating) had its target price decreased by equities researchers at Deutsche Bank Aktiengesellschaft from $43.00 to $35.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a "hold" rating on the restaurant operator's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 27.32% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Piper Sandler reduced their target price on shares of Cheesecake Factory from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, June 13th. StockNews.com assumed coverage on shares of Cheesecake Factory in a research note on Thursday, March 31st. They issued a "hold" rating for the company. Morgan Stanley cut their price objective on shares of Cheesecake Factory from $39.00 to $36.00 and set an "underweight" rating for the company in a research report on Thursday, April 14th. Citigroup cut their price objective on shares of Cheesecake Factory from $52.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, June 16th. Finally, Barclays cut their price objective on shares of Cheesecake Factory from $39.00 to $32.00 and set an "underweight" rating for the company in a research report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Cheesecake Factory has an average rating of "Hold" and a consensus target price of $46.83.

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NASDAQ CAKE opened at $27.49 on Tuesday. The company has a market capitalization of $1.45 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.62. The company has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $35.79. Cheesecake Factory has a 52-week low of $26.12 and a 52-week high of $55.31.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last posted its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $793.71 million during the quarter, compared to analysts' expectations of $782.10 million. Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. During the same quarter in the previous year, the business earned $0.20 EPS. As a group, analysts forecast that Cheesecake Factory will post 2.84 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CAKE. Royal Bank of Canada lifted its position in Cheesecake Factory by 17.8% during the third quarter. Royal Bank of Canada now owns 53,927 shares of the restaurant operator's stock valued at $2,533,000 after purchasing an additional 8,150 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of Cheesecake Factory in the 3rd quarter worth approximately $1,272,000. American International Group Inc. lifted its holdings in shares of Cheesecake Factory by 2.6% in the 3rd quarter. American International Group Inc. now owns 29,115 shares of the restaurant operator's stock worth $1,368,000 after acquiring an additional 734 shares during the last quarter. Comerica Bank lifted its holdings in shares of Cheesecake Factory by 1.8% in the 3rd quarter. Comerica Bank now owns 38,405 shares of the restaurant operator's stock worth $1,626,000 after acquiring an additional 685 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Cheesecake Factory by 1,743.2% in the 4th quarter. Spire Wealth Management now owns 682 shares of the restaurant operator's stock worth $27,000 after acquiring an additional 645 shares during the last quarter. Institutional investors and hedge funds own 87.42% of the company's stock.

About Cheesecake Factory (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

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