The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Free Report) Director Alexander Cappello sold 2,095 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $101.50, for a total transaction of $212,642.50. Following the completion of the transaction, the director owned 4,076 shares in the company, valued at $413,714. The trade was a 33.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Cheesecake Factory Trading Up 0.9%
Shares of CAKE stock opened at $105.83 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.22. The Cheesecake Factory Incorporated has a fifty-two week low of $43.07 and a fifty-two week high of $106.44. The firm’s 50 day moving average price is $79.29 and its two-hundred day moving average price is $66.84. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.
Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 45.94%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $999.54 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that The Cheesecake Factory Incorporated will post 4.43 EPS for the current year.
Cheesecake Factory Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CAKE. Mizuho upped their price target on Cheesecake Factory from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. UBS Group lifted their price objective on shares of Cheesecake Factory from $53.00 to $60.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. Barclays boosted their target price on shares of Cheesecake Factory from $58.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley raised shares of Cheesecake Factory from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $80.00 in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and an average target price of $81.00.
Get Our Latest Stock Analysis on CAKE
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CAKE. Salomon & Ludwin LLC raised its stake in Cheesecake Factory by 226.5% during the fourth quarter. Salomon & Ludwin LLC now owns 604 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 419 shares during the period. NFSG Corp boosted its stake in Cheesecake Factory by 115.8% in the first quarter. NFSG Corp now owns 682 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 366 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Cheesecake Factory by 661.7% during the fourth quarter. Global Retirement Partners LLC now owns 716 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 622 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Cheesecake Factory by 973.2% during the fourth quarter. Root Financial Partners LLC now owns 880 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 798 shares during the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $50,000. 94.48% of the stock is currently owned by institutional investors.
Cheesecake Factory News Summary
Here are the key news stories impacting Cheesecake Factory this week:
- Positive Sentiment: Strong earnings and revenue growth: Recent quarterly results showed adjusted earnings of $1.44 per share, well above the $1.18 analyst consensus, while revenue reached $1.03 billion, up 7.7% year over year and ahead of estimates. Coverage also pointed to raised guidance, reinforcing the bullish reaction to the report. A Sweet Beat and a Wearables Rally Came With Reasons to Pause
- Positive Sentiment: Momentum and estimate revisions: Zacks identified CAKE among stocks with strong relative price strength, positive earnings-estimate revisions and solid fundamentals. Another Zacks analysis cited the company’s growth characteristics as potential drivers of continued market outperformance. 5 Stocks With Relative Price Strength Investors Should Buy
- Neutral Sentiment: Mixed analyst outlook: Argus raised its price target to $110 and maintained a buy view, but several firms remain neutral. The average analyst target of about $81 is below the stock’s recent trading level, suggesting expectations are already elevated. Cheesecake Factory Analyst Ratings
- Negative Sentiment: Insider selling adds caution: Director Alexander Cappello sold a combined 2,354 shares in late July and early August, while EVP Scarlett May sold 7,978 shares valued at roughly $819,000. The sales followed CAKE’s sharp rally and may raise questions about valuation, although they do not necessarily signal deteriorating operations. Cheesecake Factory Insiders Make Bold Moves With Fresh Stock Sales
- Negative Sentiment: Rally sustainability concerns: Analysts cautioned that non-recurring benefits and margin pressure could make recent earnings gains less durable. With the stock’s price-to-earnings ratio near 29, disappointment in future margins or growth could create downside risk. A Sweet Beat and a Wearables Rally Came With Reasons to Pause
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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