The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $47.50.
A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Cheesecake Factory in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley reduced their price objective on shares of Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday, April 14th. Citigroup dropped their target price on shares of Cheesecake Factory from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Barclays dropped their target price on shares of Cheesecake Factory from $39.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, June 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Cheesecake Factory from $47.00 to $43.00 in a research note on Thursday, April 28th.
Several hedge funds have recently made changes to their positions in CAKE. Frontier Capital Management Co. LLC lifted its stake in shares of Cheesecake Factory by 204.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,371,581 shares of the restaurant operator’s stock valued at $53,697,000 after buying an additional 921,127 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in Cheesecake Factory in the 1st quarter worth approximately $10,360,000. Allspring Global Investments Holdings LLC purchased a new stake in Cheesecake Factory in the 4th quarter worth approximately $8,482,000. Vanguard Group Inc. lifted its stake in Cheesecake Factory by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 5,387,902 shares of the restaurant operator’s stock worth $214,385,000 after purchasing an additional 107,399 shares in the last quarter. Finally, Scopia Capital Management LP lifted its stake in Cheesecake Factory by 19.4% in the 4th quarter. Scopia Capital Management LP now owns 627,799 shares of the restaurant operator’s stock worth $24,578,000 after purchasing an additional 102,216 shares in the last quarter. Institutional investors own 87.42% of the company’s stock.
NASDAQ:CAKE opened at $27.71 on Wednesday. Cheesecake Factory has a one year low of $26.12 and a one year high of $55.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.54. The firm has a 50-day moving average of $31.85 and a 200-day moving average of $36.00. The company has a market cap of $1.46 billion, a PE ratio of 18.47, a PEG ratio of 1.19 and a beta of 1.42.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. The firm had revenue of $793.71 million during the quarter, compared to the consensus estimate of $782.10 million. During the same period in the previous year, the company posted $0.20 earnings per share. On average, equities research analysts expect that Cheesecake Factory will post 2.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 24th. Investors of record on Wednesday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Tuesday, May 10th. Cheesecake Factory’s payout ratio is currently 72.00%.
About Cheesecake Factory (Get Rating)
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.
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