The Cheesecake Factory Incorporated (NASDAQ:CAKE) Insider Activities Are in the Air


The Cheesecake Factory Incorporated (CAKE) down -2.04 per cent in the past week, is under coverage of 22 analysts who collectively recommend a hold rating on stock. 7 of the analysts have a buy or better rating; the 0 sells versus 1 underperforms. The 14 equity analysts who rate the stock have an average target price at $55.43, with individual targets ranging between $50 and $65. The shares closed last trade at $49.54, implying that analysts see shares rising about 11.89 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 8.29 up so far this year. A Exec VP, Gen Counsel & Secy at The Cheesecake Factory Incorporated (CAKE) sold shares in the company in a transaction completed on Tuesday May 03, 2016. Zurzolo Debby R offloaded 1,481 shares in the company at an average price of $52.53 and ended up generating $77,800 in proceeds. Zurzolo Debby R retains 40,421 shares in the company after this transaction. A Exec VP, Gen Counsel & Secy in the company, Zurzolo Debby R, on Friday March 11, 2016 collected $53,700 from the sale of 1,000 shares at $52.53 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering CAKE stock at the going market price of $49.54/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.71 in earnings per share (EPS). That would represent a 2.9% year-over-year increase. Revenue for the same period is expected to arrive at $563.03M.

Earnings Roundup: In the last fiscal quarter alone, The Cheesecake Factory Incorporated generated around $553.69M in revenue and net income of $0.68/share. That compares with the consensus estimate $555.09M and $0.61/share, respectively. For the prior quarter revenue for the company hit $526.84M, with earnings at $0.54/share.

Analyst Coverage: Maxim Group has been a brokerage house following shares of The Cheesecake Factory Incorporated (CAKE), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Maxim Group, in a note issued to clients on Tuesday February 09, 2016. There was another key note issued by Telsey Advisory Group on Tuesday September 29, 2015. The firm launched coverage on CAKE at Market Perform.

Price Momentum: Despite the -2.6% decrease in value, the stock’s new closing price represents a -14.81% fall in value from company’s one year high of $58.86. The stock is currently holding above its 50 day moving average of $-4.37 and below its 200 day moving average of $51.64. Over the last three months and over the last six months, the shares of The Cheesecake Factory Incorporated (CAKE), have changed -1.82% and 49.17%, respectively.