The Cheesecake Factory Incorporated (NASDAQ:CAKE) : 5 brokerage houses believe that The Cheesecake Factory Incorporated (NASDAQ:CAKE) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on The Cheesecake Factory Incorporated (NASDAQ:CAKE). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) : The consensus price target for The Cheesecake Factory Incorporated (NASDAQ:CAKE) is $55.91 for the short term with a standard deviation of $3.91. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $52.
Company shares have received an average consensus rating of Hold for the current week
The Cheesecake Factory Incorporated (NASDAQ:CAKE): On Tuesdays trading session , Opening price of the stock was $47.52 with an intraday high of $47.6775. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.93. However, the stock managed to close at $47.05, a loss of 0.42% for the day. On the previous day, the stock had closed at $47.25. The total traded volume of the day was 1,111,081 shares.
In an insider trading activity,The officer (President (Subsidiary)) of Cheesecake Factory Inc, Byfuglin Max S sold 14,000 shares at $49.93 on May 27, 2016. The Insider selling transaction had a total value worth of $699,020. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark, 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries, including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand, The Dream Factory brand, The Cheesecake Factory Bakery brand and other private labels.