Stock Rating: Beaufort Securities Maintains a “Buy” Rating on Patisserie Holdings Plc (LON:CAKE)

November 30, 2016 - By Marie Mckinney

Patisserie Holdings Plc (LON:CAKE) Rating

In an analyst report published by Beaufort Securities on 30 November, Patisserie Holdings Plc (LON:CAKE) stock “Buy” was maintained.

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 380.40 average target is 41.15% above today’s (GBX 269.5) stock price. Patisserie Holdings has been the topic of 21 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 rating was maintained by Canaccord Genuity with “Buy” on Tuesday, November 29. The stock has “Buy” rating given by Beaufort Securities on Monday, November 30. The stock has “Buy” rating given by Beaufort Securities on Wednesday, November 30. FinnCap maintained the stock with “Buy” rating in Friday, November 4 report. The rating was maintained by FinnCap on Wednesday, May 18 with “Hold”. On Friday, October 9 the stock rating was maintained by Canaccord Genuity with “Buy”. Canaccord Genuity upgraded Patisserie Holdings PLC (LON:CAKE) on Wednesday, May 18 to “Buy” rating. FinnCap maintained it with “Hold” rating and GBX 350 target price in Friday, April 8 report. FinnCap maintained the shares of CAKE in a report on Wednesday, August 10 with “Hold” rating.

About 318,838 shares traded hands or 22.69% up from the average. Patisserie Holdings PLC (LON:CAKE) has declined 19.70% since May 3, 2016 and is downtrending. It has underperformed by 24.93% 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 $31.39M 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.

Ngam Advsr L P has invested 0.01% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Cap Fund Sa holds 0.04% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 93,107 shares. Moreover, Pnc Financial Service Group Inc Inc has 0% invested in Patisserie Holdings PLC (LON:CAKE) for 26,481 shares. The Virginia-based Outfitter Limited has invested 1.14% in Patisserie Holdings PLC (LON:CAKE). First Citizens State Bank Trust last reported 5,980 shares in the company. The Missouri-based Stifel Financial Corporation has invested 0.01% in Patisserie Holdings PLC (LON:CAKE). Epoch last reported 0.01% of its portfolio in the stock. Wellington Mgmt Group Incorporated Limited Liability Partnership has invested 0.02% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Lpl Fincl Ltd Liability has 5,240 shares for 0% of their US portfolio. Tiaa Cref Investment Llc holds 0.01% of its portfolio in Patisserie Holdings PLC (LON:CAKE) for 142,925 shares. Magnetar Ltd Llc accumulated 7,173 shares or 0.01% of the stock. Rhumbline Advisers has invested 0.01% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Long Road Counsel Ltd Limited Liability Company holds 34,919 shares or 1.32% of its portfolio. Riggs Asset Managment Inc holds 0.01% or 225 shares in its portfolio. The New Jersey-based Lord Abbett Ltd Liability Corporation has invested 0.04% in Patisserie Holdings PLC (LON:CAKE).

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 10 sales for $9.48 million net activity. 15,000 shares were sold by Gordon David M, worth $889,506 on Tuesday, November 22. 6,512 Patisserie Holdings PLC (LON:CAKE) shares with value of $345,135 were sold by BENN DOUG. KRANSDORF JEROME I also sold $427,403 worth of Patisserie Holdings PLC (LON:CAKE) on Thursday, November 17. ZURZOLO DEBBY R sold 4,400 shares worth $251,158. Shares for $59,379 were sold by SLOMANN CHERYL on Tuesday, November 29. On Friday, November 18 the insider OVERTON DAVID sold $6.32 million.

Patisserie Holdings PLC is a United Kingdom cafe and casual dining company. The company has a market cap of 264.00 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 21.62 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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