Deutsche Bank analyst Brian Mullan maintained a Hold rating on Cheesecake Factory (CAKE) on August 5 and set a price target of $46. The company’s shares closed yesterday at $40.95, close to its 52-week low of $40.71.
According to TipRanks.com, Mullan is a 1-star analyst with an average return of -7.8% and a 14.3% success rate. Mullan covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Dine Brands Global Inc, and BJ’s Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $47.71 average price target, representing a 16.5% upside. In a report issued on August 1, Wedbush also maintained a Hold rating on the stock with a $43 price target.
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Cheesecake Factory’s market cap is currently $1.85B and has a P/E ratio of 17.34. The company has a Price to Book ratio of 3.40.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
