Cheesecake Factory (NASDAQ:CAKE – Get Rating) had its price objective trimmed by Piper Sandler from $38.00 to $30.00 in a research report report published on Monday morning, The Fly reports. The firm currently has a neutral rating on the restaurant operator’s stock.
CAKE has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Cheesecake Factory in a research note on Thursday, March 31st. They set a hold rating for the company. Morgan Stanley decreased their price target on shares of Cheesecake Factory from $39.00 to $36.00 and set an underweight rating for the company in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Cheesecake Factory from $43.00 to $35.00 and set a hold rating for the company in a research note on Tuesday, July 5th. Citigroup decreased their price target on shares of Cheesecake Factory from $52.00 to $43.00 and set a buy rating for the company in a research note on Thursday, June 16th. Finally, Barclays decreased their price target on shares of Cheesecake Factory from $39.00 to $32.00 and set an underweight rating for the company in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $46.17.
Shares of Cheesecake Factory stock opened at $26.81 on Monday. The company has a fifty day simple moving average of $30.62 and a 200-day simple moving average of $35.47. Cheesecake Factory has a 12-month low of $26.12 and a 12-month high of $55.31. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.15 and a beta of 1.45.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Cheesecake Factory had a net margin of 2.96% and a return on equity of 38.98%. The company had revenue of $793.71 million during the quarter, compared to analyst estimates of $782.10 million. During the same quarter in the previous year, the company posted $0.20 EPS. On average, analysts forecast that Cheesecake Factory will post 2.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 24th. Stockholders of record on Wednesday, May 11th were issued a $0.27 dividend. The ex-dividend date was Tuesday, May 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.03%. Cheesecake Factory’s dividend payout ratio is presently 72.00%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in shares of Cheesecake Factory by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 72,203 shares of the restaurant operator’s stock valued at $2,873,000 after purchasing an additional 300 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Cheesecake Factory by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,991 shares of the restaurant operator’s stock valued at $278,000 after purchasing an additional 363 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Cheesecake Factory by 7.8% in the 4th quarter. Profund Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $209,000 after purchasing an additional 385 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Cheesecake Factory by 1.2% in the 1st quarter. DAVENPORT & Co LLC now owns 34,211 shares of the restaurant operator’s stock valued at $1,361,000 after purchasing an additional 414 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Cheesecake Factory by 12.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,036 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 461 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
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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