Cheesecake Factory (NASDAQ: CAKE) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday.
A number of other firms have also recently commented on CAKE. Analysts at Zacks reiterated a “neutral” rating on shares of Cheesecake Factory in a research note to investors on Tuesday, May 15th. They now have a $33.00 price target on the stock. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Cheesecake Factory in a research note to investors on Friday, May 11st. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Cheesecake Factory in a research note to investors on Thursday, April 26th. They now have a “neutral” rating and a $32.00 price target on the stock.
Shares of Cheesecake Factory traded up 0.63% during mid-day trading on Monday, hitting $30.48. Cheesecake Factory has a 52 week low of $23.65 and a 52 week high of $34.07. The company has a market cap of $1.616 billion and a P/E ratio of 18.08.
Cheesecake Factory last announced its earnings results on Wednesday, April 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Cheesecake Factory will post $0.47 earnings per share next quarter.
The Cheesecake Factory Incorporated operates in the restaurant industry. As of February 26, 2010, the Company operated 161 upscale, casual, full-service dining restaurants: 147 under The Cheesecake Factory mark; 13 under the Grand Lux Cafe mark, and one under the RockSugar Pan Asian Kitchen mark.