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Cheesecake Factory (CAKE) Receives a Buy from Wedbush

In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Cheesecake Factory (CAKEResearch Report), with a price target of $52.00. The company’s shares closed last Wednesday at $40.87.

According to TipRanks.com, Setyan is a 5-star analyst with an average return of 10.0% and a 54.7% success rate. Setyan covers the Services sector, focusing on stocks such as The ONE Group Hospitality, Papa John’s International, and Brinker International.

Cheesecake Factory has an analyst consensus of Hold, with a price target consensus of $45.22.

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Based on Cheesecake Factory’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $754 million and net profit of $32.68 million. In comparison, last year the company earned revenue of $518 million and had a GAAP net loss of $28.35 million.

Based on the recent corporate insider activity of 35 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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