November 29, 2016 - By Linda Rogers
Patisserie Holdings (LON:CAKE) had its stock rating noted as “Buy” by analysts at FinnCap. FinnCap currently has a GBX 350.00 target price on the 264.49M GBP market cap company or 29.63% upside potential. This was shown in a note on Tuesday, 29 November.
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. The company was maintained on Friday, November 4 by FinnCap. The stock of Patisserie Holdings PLC (LON:CAKE) has “Hold” rating given on Tuesday, January 5 by Peel Hunt. The firm has “Buy” rating given on Monday, November 30 by Beaufort Securities. Canaccord Genuity upgraded the shares of CAKE in a report on Wednesday, May 18 to “Buy” rating. FinnCap maintained the stock with “Hold” rating in Wednesday, December 2 report. The stock has “Hold” rating given by FinnCap on Friday, April 8. The stock of Patisserie Holdings PLC (LON:CAKE) earned “Buy” rating by Investec on Tuesday, November 29. The firm has “Add” rating given on Friday, November 27 by Peel Hunt. The rating was maintained by Beaufort Securities with “Buy” on Thursday, May 19. The firm earned “Buy” rating on Friday, August 12 by FinnCap.
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 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. CAKE’s profit will be $31.38 million for 22.07 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 is negative, 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.
Ngam Advsrs Limited Partnership, a Massachusetts-based fund reported 13,812 shares. Moreover, Bank Of Montreal Can has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 4,469 shares. Strs Ohio holds 0% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 4,100 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0.05% in Patisserie Holdings PLC (LON:CAKE). The Michigan-based Long Road Investment Counsel Lc has invested 1.32% in Patisserie Holdings PLC (LON:CAKE). Bb&T Securities Ltd Liability Company holds 0.02% or 22,009 shares in its portfolio. Moreover, Mufg Americas Hldgs Corp has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 1,808 shares. Riverbridge Ptnrs Limited Liability Corporation last reported 0.63% of its portfolio in the stock. Neuberger Berman Ltd Liability last reported 0.09% of its portfolio in the stock. Moreover, Ny State Common Retirement Fund has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 61,123 shares. Parkside Bancorp And Trust holds 0% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 77 shares. Marshall Wace Limited Liability Partnership reported 69,176 shares or 0.03% of all its holdings. Legal And General Group Public Limited Liability owns 11,970 shares or 0% of their US portfolio. Everpoint Asset Mngmt Ltd Liability owns 170,000 shares or 0.16% of their US portfolio. Us Retail Bank De reported 14,966 shares or 0% of all its holdings.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 9 selling transactions for $9.42 million net activity. $57,127 worth of Patisserie Holdings PLC (LON:CAKE) was sold by SLOMANN CHERYL. 4,400 shares with value of $251,158 were sold by ZURZOLO DEBBY R on Thursday, November 17. BENN DOUG also sold $345,135 worth of Patisserie Holdings PLC (LON:CAKE) shares. 7,500 shares with value of $427,403 were 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. Shares for $6.32 million were sold by OVERTON DAVID.
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 Linda Rogers