Cheesecake Factory (CAKE) Receives a Hold from Telsey Advisory


Telsey Advisory analyst Telsey Advisory Group maintained a Hold rating on Cheesecake Factory (CAKE) yesterday and set a price target of $62.00. The company’s shares closed last Thursday at $57.69, close to its 52-week high of $63.20.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $53.00, representing a -10.3% downside. In a report issued on April 9, Deutsche Bank also maintained a Hold rating on the stock with a $56.00 price target.

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Based on Cheesecake Factory’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $555 million and GAAP net loss of $32.32 million. In comparison, last year the company earned revenue of $694 million and had a net profit of $48.71 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAKE in relation to earlier this year.

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Cheesecake Factory, Inc. engages in the operation of chain restaurants. It operates through The Cheesecake Factory and Other segments. The Cheesecake Factory segment involves in the management of restaurants. The Other segment comprises of Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing. Its menu offering includes appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, omelettes, and desserts. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.

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