Cheesecake Factory Inc (NASDAQ:CAKE) has been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $52.67.
Several research firms recently commented on CAKE. Raymond James set a $56.00 target price on shares of Cheesecake Factory and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays lifted their target price on shares of Cheesecake Factory from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Wedbush lifted their target price on shares of Cheesecake Factory from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Maxim Group reiterated a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Cheesecake Factory in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $54.00 target price (up from $52.00) on shares of Cheesecake Factory in a research report on Thursday, May 2nd.
In other news, Chairman David Overton sold 159,297 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $47.63, for a total value of $7,587,316.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laurence B. Mindel purchased 1,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $49.64 per share, for a total transaction of $74,460.00. The disclosure for this purchase can be found here. Insiders bought a total of 4,326 shares of company stock worth $208,339 in the last 90 days. Corporate insiders own 8.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in shares of Cheesecake Factory by 379.3% in the 1st quarter. Advisory Services Network LLC now owns 647 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 512 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Cheesecake Factory in the 4th quarter worth approximately $34,000. Omnia Family Wealth LLC lifted its position in shares of Cheesecake Factory by 335.6% in the 1st quarter. Omnia Family Wealth LLC now owns 980 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 755 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Cheesecake Factory by 1,134.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,012 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 930 shares during the period. Finally, We Are One Seven LLC acquired a new position in shares of Cheesecake Factory during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.
NASDAQ:CAKE opened at $44.82 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.26 and a current ratio of 0.35. Cheesecake Factory has a one year low of $41.63 and a one year high of $60.19. The company has a market cap of $2.03 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.35.
Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Cheesecake Factory had a net margin of 4.24% and a return on equity of 19.54%. The business had revenue of $599.48 million for the quarter, compared to the consensus estimate of $603.03 million. During the same period last year, the company earned $0.56 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that Cheesecake Factory will post 2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, May 16th will be given a $0.33 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.95%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 54.32%.
About Cheesecake Factory
The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
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