Rating Alert: 40.41% to Target, Investec Reaffirms Buy Rating for Patisserie Holdings Plc (LON:CAKE) Stock

November 29, 2016 - By Marie Mckinney

Patisserie Holdings Plc (LON:CAKE) Rating

They currently have a GBX 400.00 target price on Patisserie Holdings Plc (LON:CAKE). Investec’s target would suggest a potential upside of 40.41% from the company’s current stock price. This was revealed in a research report on Tuesday morning.

Patisserie Holdings PLC (LON:CAKE) Ratings Coverage

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 35.52% above today’s (GBX 277) stock price. Patisserie Holdings has been the topic of 19 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Peel Hunt downgraded it to “Hold” rating and GBX 362 target price in Tuesday, January 5 report. The company was maintained on Wednesday, August 10 by FinnCap. The rating was upgraded by FinnCap to “Buy” on Friday, August 12. Canaccord Genuity maintained Patisserie Holdings PLC (LON:CAKE) on Thursday, June 2 with “Buy” rating. The stock of Patisserie Holdings PLC (LON:CAKE) earned “Buy” rating by Canaccord Genuity on Wednesday, May 18. The stock of Patisserie Holdings PLC (LON:CAKE) has “Buy” rating given on Friday, November 27 by Cantor Fitzgerald. The company was maintained on Wednesday, May 18 by FinnCap. The stock of Patisserie Holdings PLC (LON:CAKE) has “Add” rating given on Friday, November 27 by Peel Hunt. The stock has “Buy” rating given by Beaufort Securities on Thursday, May 19. The company was maintained on Friday, October 9 by Canaccord Genuity.

About 1.50M shares traded hands or 534.66% 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 $31.84 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 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.

Us Natl Bank De accumulated 14,966 shares or 0% of the stock. Prudential Fincl has invested 0% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Moreover, Bessemer Gp has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 120 shares. The Illinois-based First Tru Advsr L P has invested 0.01% in Patisserie Holdings PLC (LON:CAKE). Blackrock Fund Advsrs last reported 0.02% of its portfolio in the stock. Dumont And Blake Invest Advisors Ltd Company holds 0.32% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 11,660 shares. D E Shaw And Commerce Incorporated holds 231,972 shares or 0.02% of its portfolio. Qs Invsts Limited Com last reported 0% of its portfolio in the stock. Riverbridge Partners Ltd Limited Liability Company owns 629,645 shares or 0.63% of their US portfolio. Mufg Americas Hldgs Corp accumulated 0% or 1,808 shares. Quantbot Tech Limited Partnership has 0.16% invested in the company for 30,850 shares. 1St Incorporated has 5,651 shares for 0.04% of their US portfolio. Campbell And Inv Adviser Llc reported 8,794 shares or 2.14% of all its holdings. Aqr Mngmt Limited Liability has invested 0.05% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Thomas White last reported 15,825 shares in the company.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 9 sales for $9.42 million net activity. Another trade for 13,004 shares valued at $725,022 was sold by BENN DOUG. OVERTON DAVID sold $6.32 million worth of stock or 109,539 shares. $427,403 worth of Patisserie Holdings PLC (LON:CAKE) was sold by KRANSDORF JEROME I on Thursday, November 17. 15,000 shares with value of $889,506 were sold by Gordon David M on Tuesday, November 22. The insider ZURZOLO DEBBY R sold $35,400. 1,000 shares were sold by SLOMANN CHERYL, worth $57,127.

Patisserie Holdings PLC is a United Kingdom cafe and casual dining company. The company has a market cap of 271.35 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 22.22 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.”

CAKE Company Profile

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 Cake… And Eats It, Too” and published on May 20, 2015 is yet another important article.

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