November 29, 2016 - By Marguerite Chambers
In a research note sent to clients and investors on 29 November, Patisserie Holdings Plc (LON:CAKE) stock Buy was maintained at Canaccord Genuity. They currently have a GBX 405.00 target on the stock. Canaccord Genuity’s target indicates a potential upside of 49.58% from the company’s last price.
Out of 6 analysts covering Patisserie Holdings (LON:CAKE), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. GBX 425 is the highest target while GBX 340 is the lowest. The GBX 375.40 average target is 38.27% above today’s (GBX 271.5) stock price. Patisserie Holdings has been the topic of 19 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The stock of Patisserie Holdings PLC (LON:CAKE) has “Buy” rating given on Tuesday, November 29 by FinnCap. The firm has “Hold” rating given on Wednesday, August 10 by FinnCap. The rating was maintained by Beaufort Securities with “Buy” on Thursday, May 19. The firm earned “Buy” rating on Friday, November 27 by Cantor Fitzgerald. On Tuesday, November 29 the stock rating was maintained by Investec with “Buy”. The company was maintained on Monday, November 30 by Beaufort Securities. Canaccord Genuity maintained Patisserie Holdings PLC (LON:CAKE) rating on Thursday, June 2. Canaccord Genuity has “Buy” rating and GBX 380 price target. Peel Hunt upgraded it to “Add” rating and GBX 362 target price in Friday, November 27 report. FinnCap maintained Patisserie Holdings PLC (LON:CAKE) on Wednesday, May 18 with “Hold” rating. The firm has “Hold” rating given on Friday, April 8 by FinnCap.
About 1.88M shares traded hands or 695.44% up from the average. Patisserie Holdings PLC (LON:CAKE) has declined 27.38% since April 29, 2016 and is downtrending. It has underperformed by 32.63% the S&P500.
Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on February, 21. They expect $0.67 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.39 million for 22.06 P/E if the $0.67 EPS becomes a reality. After $0.70 actual EPS reported by Cheesecake Factory Inc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio worsened, as 25 funds sold all Patisserie Holdings PLC shares owned while 82 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 41.87 million shares or 2.30% less from 42.86 million shares in 2016Q1.
Hightower Advisors Limited Liability Com has 0% invested in the company for 5,547 shares. Axa owns 75,824 shares or 0.02% of their US portfolio. Wells Fargo & Mn has 0.01% invested in the company for 412,286 shares. Waddell Reed holds 0.02% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 210,050 shares. Thomas White Limited holds 15,825 shares or 0.11% of its portfolio. Gotham Asset Mngmt Lc accumulated 0.05% or 86,091 shares. Putnam Ltd Company accumulated 77,985 shares or 0.01% of the stock. Comerica Comml Bank last reported 24,119 shares in the company. Acadian Asset Mgmt Limited Liability Com accumulated 6,072 shares or 0% of the stock. New Amsterdam Partners Ltd Liability Com holds 35,061 shares or 0.41% of its portfolio. The United Kingdom-based Barclays Public Ltd Com has invested 0% in Patisserie Holdings PLC (LON:CAKE). Teachers Retirement System Of The State Of Kentucky accumulated 11,600 shares or 0.01% of the stock. Evercore Wealth Mngmt Limited Liability Company last reported 0% of its portfolio in the stock. First Citizens Bancorporation & reported 5,980 shares or 0.03% of all its holdings. Aqr Mgmt Limited Liability Company has 0.05% invested in the company for 599,331 shares.
Insider Transactions: Since July 22, 2016, the stock had 0 insider purchases, and 9 insider sales for $9.42 million net activity. 7,500 shares with value of $427,403 were sold by KRANSDORF JEROME I on Thursday, November 17. 6,512 shares with value of $345,135 were sold by BENN DOUG on Friday, July 22. $251,158 worth of shares were sold by ZURZOLO DEBBY R on Thursday, November 17. 109,539 Patisserie Holdings PLC (LON:CAKE) shares with value of $6.32 million were sold by OVERTON DAVID. $889,506 worth of Patisserie Holdings PLC (LON:CAKE) was sold by Gordon David M on Tuesday, November 22. On Thursday, November 17 the insider SLOMANN CHERYL sold $57,127.
Patisserie Holdings PLC is a United Kingdom cafe and casual dining company. The company has a market cap of 265.96 million GBP. The Firm offers cakes, pastries, snacks, meals and hot and cold drinks from approximately 140 stores and Flour Power City Bakery in the United Kingdom. It has a 21.78 P/E ratio. The Company’s divisions include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts.
According to Zacks Investment Research, “The Cheesecake Factory operates many upscale, high volume, casual dining restaurants. They offer over 200 menu items including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, salads, sandwiches, omelets and signature desserts including over 40 varieties of cheesecake.”
The Cheesecake Factory Incorporated, incorporated on February 13, 1992, is engaged in the restaurant and bakery business. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers.
More news for Patisserie Holdings PLC (LON:CAKE) were recently published by: Uk.Finance.Yahoo.com, which released: “Patisserie Holdings plc (CAKE.L)” on April 23, 2014. Fool.Co.Uk‘s article titled: “Patisserie Holdings PLC Has Its Cakeâ€¦ And Eats It, Too” and published on May 20, 2015 is yet another important article.
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