Cheesecake Factory Inc (CAKE) Given Average Rating of “Hold” by Analysts

Shares of Cheesecake Factory Inc (NASDAQ:CAKE) have earned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $49.22.

Several equities research analysts recently commented on the stock. Telsey Advisory Group boosted their price target on shares of Cheesecake Factory from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, April 26th. Barclays boosted their price target on shares of Cheesecake Factory from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Wedbush cut their price target on shares of Cheesecake Factory from $55.00 to $52.50 and set a “neutral” rating for the company in a report on Thursday, April 26th. Morgan Stanley boosted their price target on shares of Cheesecake Factory from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Finally, Bank of America dropped their target price on shares of Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd.

Cheesecake Factory traded up $0.59, hitting $51.00, on Monday, according to Marketbeat Ratings. The company had a trading volume of 1,059,714 shares, compared to its average volume of 1,099,541. The firm has a market cap of $2.30 billion, a PE ratio of 19.62, a PEG ratio of 1.31 and a beta of 0.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.36 and a current ratio of 0.48. Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $60.13.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $0.56 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.12). The company had revenue of $590.69 million during the quarter, compared to analysts’ expectations of $583.76 million. Cheesecake Factory had a return on equity of 19.01% and a net margin of 6.49%. Cheesecake Factory’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. equities analysts predict that Cheesecake Factory will post 2.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Thursday, May 10th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, May 9th. Cheesecake Factory’s payout ratio is 44.62%.

In other news, Chairman David Overton sold 93,300 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $51.93, for a total transaction of $4,845,069.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Debby R. Zurzolo sold 936 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $53.61, for a total transaction of $50,178.96. The disclosure for this sale can be found here. Insiders have sold 135,250 shares of company stock valued at $7,052,986 in the last ninety days. Insiders own 8.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Shufro Rose & Co. LLC boosted its position in shares of Cheesecake Factory by 16.0% during the 1st quarter. Shufro Rose & Co. LLC now owns 7,250 shares of the restaurant operator’s stock valued at $350,000 after acquiring an additional 1,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Cheesecake Factory by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 19,624 shares of the restaurant operator’s stock valued at $945,000 after acquiring an additional 1,191 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Cheesecake Factory by 4.3% during the 1st quarter. BB&T Securities LLC now owns 29,620 shares of the restaurant operator’s stock valued at $1,428,000 after acquiring an additional 1,228 shares during the last quarter. Eliot Finkel Investment Counsel LLC boosted its position in shares of Cheesecake Factory by 3.4% during the 1st quarter. Eliot Finkel Investment Counsel LLC now owns 40,475 shares of the restaurant operator’s stock valued at $1,952,000 after acquiring an additional 1,340 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Cheesecake Factory by 5.2% during the 1st quarter. SG Americas Securities LLC now owns 30,823 shares of the restaurant operator’s stock valued at $1,486,000 after acquiring an additional 1,530 shares during the last quarter. 97.62% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants in the United States. 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 February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply