November 29, 2016 - By Ruchi Gupta
London: In a research report revealed to clients and investors on 29 November, Canaccord Genuity maintained their “Buy” rating on shares of Patisserie Holdings (LON:CAKE). They currently have a GBX 405.00 target price per share on the firm. Canaccord Genuity’s target suggests a potential upside of 50.00% from the company’s last stock close 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 39.04% above today’s (GBX 270) stock price. Patisserie Holdings has been the topic of 19 analyst reports since October 9, 2015 according to StockzIntelligence Inc. As per Friday, November 27, the company rating was upgraded by Peel Hunt. As per Thursday, May 19, the company rating was maintained by Beaufort Securities. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, June 2. Canaccord Genuity upgraded the shares of CAKE in a report on Wednesday, May 18 to “Buy” rating. The stock of Patisserie Holdings PLC (LON:CAKE) has “Buy” rating given on Friday, November 27 by Cantor Fitzgerald. FinnCap maintained the stock with “Hold” rating in Wednesday, May 18 report. The rating was maintained by Beaufort Securities with “Buy” on Monday, November 30. FinnCap maintained the stock with “Hold” rating in Wednesday, December 2 report. The stock has “Buy” rating given by FinnCap on Tuesday, November 29. Peel Hunt maintained Patisserie Holdings PLC (LON:CAKE) rating on Wednesday, May 18. Peel Hunt has “Hold” rating and GBX 362 price target.
The stock increased 4.65% or GBX 12 on November 29, hitting GBX 270. About 3.31 million shares traded hands or 1300.48% 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 earnings per share, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.38M for 22.07 P/E if the $0.67 EPS becomes a reality. After $0.70 actual earnings per share 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 2016 Q2. Its down 0.06, from 1.07 in 2016Q1. The ratio dived, 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.
Millennium Mngmt Limited holds 265,940 shares or 0.03% of its portfolio. Moreover, Wellington Mgmt Group Incorporated Llp has 0.02% invested in Patisserie Holdings PLC (LON:CAKE) for 1.56 million shares. Royal National Bank Of Canada accumulated 0% or 27,626 shares. Comml Bank Of New York Mellon owns 1.99M shares or 0.03% of their US portfolio. Finemark Bancorporation Trust has invested 0% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Epoch Invest Prtnrs holds 45,646 shares or 0.01% of its portfolio. Perkins Coie last reported 1,000 shares in the company. Ladenburg Thalmann Fincl Inc has 0% invested in the company for 1,199 shares. Ranger Inv Mngmt Limited Partnership has 0.17% invested in the company for 56,110 shares. Moreover, Advisory Ltd has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 11 shares. Trust Investment Advisors owns 24,165 shares or 1.37% of their US portfolio. Pnc Fincl Gru Inc owns 26,481 shares or 0% of their US portfolio. Los Angeles Cap & Equity Rech last reported 22,976 shares in the company. The Massachusetts-based Capital Impact Ltd Liability Com has invested 0.39% in Patisserie Holdings PLC (LON:CAKE). Swiss State Bank last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 9 sales for $9.42 million net activity. ZURZOLO DEBBY R sold 4,400 shares worth $251,158. 7,500 shares were sold by KRANSDORF JEROME I, worth $427,403. Gordon David M sold $889,506 worth of stock or 15,000 shares. Another trade for 109,539 shares valued at $6.32M was made by OVERTON DAVID on Friday, November 18. BENN DOUG sold $725,022 worth of stock. 1,000 Patisserie Holdings PLC (LON:CAKE) shares with value of $57,127 were sold by SLOMANN CHERYL.
Patisserie Holdings PLC is a United Kingdom cafe and casual dining company. The company has a market cap of 264.49 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 21.66 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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By Ruchi Gupta