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Cheesecake Factory (CAKE) Receives a Hold from Robert W. Baird

In a report issued on September 26, David Tarantino from Robert W. Baird maintained a Hold rating on Cheesecake Factory (CAKEResearch Report). The company’s shares closed last Thursday at $46.58.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 14.7% and a 72.3% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, BJ’s Restaurants, and Texas Roadhouse.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cheesecake Factory with a $56.33 average price target, which is a 19.8% upside from current levels. In a report issued on September 16, Jefferies also assigned a Hold rating to the stock with a $55.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $65.81 and a one-year low of $28.50. Currently, Cheesecake Factory has an average volume of 1.08M.

Based on the recent corporate insider activity of 28 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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