Oppenheimer Keeps Their Hold Rating on Cheesecake Factory (CAKE)

By Jason Carr

Oppenheimer analyst Brian Bittner maintained a Hold rating on Cheesecake Factory (CAKEResearch Report) today. The company’s shares closed last Tuesday at $20.95.

According to TipRanks.com, Bittner is a 5-star analyst with an average return of 9.1% and a 66.7% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Yum China Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $21.60 average price target.

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The company has a one-year high of $46.26 and a one-year low of $14.52. Currently, Cheesecake Factory has an average volume of 3.64M.

Based on the recent corporate insider activity of 20 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.