November 29, 2016 - By Peter Kolinski
In analysts note revealed to clients and investors on today, finnCap maintained their Buy rating on Patisserie Holdings Plc (LON:CAKE)‘s stock. The price target would suggest a potential upside of 27.91% from company’s last stock close.
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 30.90% above today’s (GBX 286.78) stock price. Patisserie Holdings has been the topic of 19 analyst reports since October 9, 2015 according to StockzIntelligence Inc. On Friday, November 27 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The firm earned “Hold” rating on Wednesday, May 18 by FinnCap. Peel Hunt upgraded Patisserie Holdings PLC (LON:CAKE) on Friday, November 27 to “Add” rating. The stock of Patisserie Holdings PLC (LON:CAKE) earned “Buy” rating by Beaufort Securities on Thursday, May 19. The rating was maintained by Canaccord Genuity with “Buy” on Friday, October 9. The stock has “Hold” rating given by Peel Hunt on Wednesday, May 18. FinnCap maintained it with “Hold” rating and GBX 350 target price in Wednesday, December 2 report. The firm earned “Hold” rating on Tuesday, January 5 by Peel Hunt. The stock of Patisserie Holdings PLC (LON:CAKE) has “Hold” rating given on Wednesday, August 10 by FinnCap. FinnCap maintained the stock with “Hold” rating in Friday, April 8 report.
About 1.28 million shares traded hands or 441.57% 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 $31.84 million for 22.06 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 Q2 2016. 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.
Whittier Trust Of Nevada accumulated 174 shares or 0% of the stock. Tower Rech Lc (Trc) holds 6,055 shares or 0.03% of its portfolio. Ridgeworth Cap Mngmt Ltd Liability Co has 11,834 shares for 0.01% of their US portfolio. D E Shaw & Com Inc has 231,972 shares for 0.02% of their US portfolio. First Tru Advisors Ltd Partnership last reported 0.01% of its portfolio in the stock. Boothbay Fund Management Limited Liability Co last reported 0.37% of its portfolio in the stock. Mufg Americas Holdings holds 0% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 1,808 shares. First Quadrant Lp Ca has invested 0.02% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Moreover, Johnson Financial has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 560 shares. Morgan Stanley last reported 0% of its portfolio in the stock. The California-based California State Teachers Retirement Sys has invested 0.01% in Patisserie Holdings PLC (LON:CAKE). Stifel has 0.01% invested in the company for 27,858 shares. Riggs Asset Managment has 0.01% invested in the company for 225 shares. Moreover, Point72 Asset Management Ltd Partnership has 0.05% invested in Patisserie Holdings PLC (LON:CAKE) for 153,300 shares. Numeric Investors Limited Co has 27,600 shares for 0.01% of their US portfolio.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 9 insider sales for $9.42 million net activity. The insider Gordon David M sold 15,000 shares worth $889,506. ZURZOLO DEBBY R had sold 600 shares worth $35,400. Shares for $376,680 were sold by BENN DOUG. KRANSDORF JEROME I had sold 7,500 shares worth $427,403. 109,539 shares were sold by OVERTON DAVID, worth $6.32M. SLOMANN CHERYL sold $57,127 worth of stock or 1,000 shares.
Patisserie Holdings PLC is a United Kingdom cafe and casual dining company. The company has a market cap of 280.93 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 23.01 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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