Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.00.
Several equities research analysts recently commented on CAKE shares. Barclays cut their price target on shares of Cheesecake Factory from $32.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Cheesecake Factory from $35.00 to $31.00 in a report on Thursday, July 28th. UBS Group cut their price target on shares of Cheesecake Factory from $42.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 26th. Morgan Stanley cut their price target on shares of Cheesecake Factory from $37.00 to $26.00 and set an “underweight” rating for the company in a report on Monday, July 18th. Finally, Piper Sandler dropped their target price on shares of Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 11th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Tcwp LLC acquired a new position in shares of Cheesecake Factory during the 1st quarter valued at about $43,000. Lindbrook Capital LLC lifted its position in Cheesecake Factory by 996.6% in the first quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 2,362 shares during the last quarter. Quantbot Technologies LP lifted its position in Cheesecake Factory by 356.8% in the second quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator’s stock valued at $104,000 after buying an additional 3,097 shares during the last quarter. Prospera Financial Services Inc lifted its position in Cheesecake Factory by 10.5% in the second quarter. Prospera Financial Services Inc now owns 4,058 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 387 shares during the last quarter. Finally, KBC Group NV acquired a new position in Cheesecake Factory in the second quarter valued at about $111,000. Institutional investors and hedge funds own 84.62% of the company’s stock.
Cheesecake Factory Price Performance
NASDAQ:CAKE opened at $31.21 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34. The company has a 50 day moving average price of $31.37 and a 200-day moving average price of $32.16. Cheesecake Factory has a 1-year low of $26.05 and a 1-year high of $47.50.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last posted its earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.26). The firm had revenue of $832.60 million for the quarter, compared to analysts’ expectations of $836.64 million. Cheesecake Factory had a net margin of 2.65% and a return on equity of 31.69%. Cheesecake Factory’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts forecast that Cheesecake Factory will post 2.04 EPS for the current year.
Cheesecake Factory Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Wednesday, August 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 3.46%. Cheesecake Factory’s payout ratio is 66.26%.
About Cheesecake Factory
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Cheesecake Factory, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cheesecake Factory wasn’t on the list.
While Cheesecake Factory currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
