Cheesecake Factory says it suspended employees for mocking black customer's MAGA hat

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In total 10 analysts cover Cheesecake Factory (NASDAQ:CAKE).

"We are taking the situation seriously, however, not all of the information reported by the media accurately portrays what occurred".

Zurzolo sold 936 shares of The Cheesecake Factory stock.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, April 25th. The restaurant operator reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53.

In its apology that was released on Twitter, the Cheesecake Factory acknowledged that no customer should feel unwelcome in one of its restaurants and that it contacted Joseph directly about what happened. The firm had revenue of $590.69 million for the quarter, compared to the consensus estimate of $583.76 million.

A number of analysts have weighed in on the company. "Buy" rating has 1, "Sell" are 0, while 9 are "Hold". BTIG Research upped their price target on The Cheesecake Factory to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. On Thursday, February 22 Morgan Stanley maintained the shares of CAKE in report with "Equal-Weight" rating.

Other analysts have also recently issued reports about the company. The stock tapped a 52-week high of US$60.13 while the mean 12-month price target for the shares is US$52.1. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of CAKE. Perennial Advisors LLC lifted its stake in shares of The Cheesecake Factory by 123.1% during the fourth quarter. The brokerage presently has a "market perform" rating on the restaurant operator's stock. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of The Cheesecake Factory by 328.5% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of The Cheesecake Factory by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 1,729,444 shares of the restaurant operator's stock worth $83,324,000 after purchasing an additional 74,729 shares during the period. The volume of 2.45 Million shares climbed down over an trading activity of 4.84 Million shares. Eugenior Joseph tells conservative news site the Daily Wire he was dining with his girlfriend's family on Mother's Day when a group of employees just started clapping and yelling at him because of his MAGA hat. Telsey Advisory Group's price target would suggest a potential upside of 2.12% from the stock's current price. The return on equity ratio or ROE stands at -6.1 percent while most common profitability ratio return on investment (ROI) was -8.5 percent. If you are accessing this story on another site, it was stolen and reposted in violation of global copyright & trademark legislation.

The Cheesecake Factory Incorporated operates restaurants primarily in the United States.The company has $2.28 billion market cap. The firm also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors.15.85 is the P/E ratio.