Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Free Report) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $64.9412.
A number of brokerages have recently commented on CAKE. Barclays lifted their price objective on shares of Cheesecake Factory from $58.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Mizuho set a $75.00 target price on shares of Cheesecake Factory in a report on Thursday, February 19th. Argus set a $72.00 target price on shares of Cheesecake Factory in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $68.00 target price on shares of Cheesecake Factory in a report on Thursday, April 30th.
Read Our Latest Research Report on CAKE
Insider Activity
Institutional Trading of Cheesecake Factory
Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in Cheesecake Factory by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 55,576 shares of the restaurant operator’s stock worth $3,043,000 after purchasing an additional 11,088 shares in the last quarter. Quantinno Capital Management LP raised its stake in Cheesecake Factory by 32.3% in the 1st quarter. Quantinno Capital Management LP now owns 12,940 shares of the restaurant operator’s stock worth $708,000 after purchasing an additional 3,161 shares in the last quarter. State of Wyoming acquired a new stake in Cheesecake Factory in the 1st quarter worth about $196,000. PNC Financial Services Group Inc. raised its stake in Cheesecake Factory by 5.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,558 shares of the restaurant operator’s stock worth $578,000 after purchasing an additional 562 shares in the last quarter. Finally, Long Road Investment Counsel LLC raised its stake in Cheesecake Factory by 1.9% in the 1st quarter. Long Road Investment Counsel LLC now owns 43,920 shares of the restaurant operator’s stock worth $2,405,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.
Cheesecake Factory Stock Performance
Shares of CAKE opened at $64.26 on Friday. The firm has a 50-day moving average of $59.49 and a 200-day moving average of $56.69. Cheesecake Factory has a one year low of $43.07 and a one year high of $69.70. The company has a market cap of $3.19 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.59 and a quick ratio of 0.53.
Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. The company had revenue of $978.83 million during the quarter, compared to the consensus estimate of $964.57 million. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that Cheesecake Factory will post 4.01 earnings per share for the current year.
Cheesecake Factory Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Cheesecake Factory’s payout ratio is presently 35.09%.
About Cheesecake Factory
The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.
The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.
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