The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.83.
A number of research firms have weighed in on CAKE. Morgan Stanley decreased their price target on Cheesecake Factory from $37.00 to $26.00 and set an “underweight” rating for the company in a report on Monday, July 18th. UBS Group decreased their price target on Cheesecake Factory from $42.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 26th. Barclays reduced their target price on Cheesecake Factory from $32.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Cheesecake Factory from $35.00 to $31.00 in a research note on Thursday, July 28th. Finally, Piper Sandler reduced their target price on Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 11th.
Institutional Investors Weigh In On Cheesecake Factory
Ad Investing Trends
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we’ve never seen before. Just how high can copper go?
Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of Cheesecake Factory by 0.4% during 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 acquiring an additional 300 shares in the last quarter. Public Sector Pension Investment Board increased its position in Cheesecake Factory by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 90,875 shares of the restaurant operator’s stock worth $2,401,000 after buying an additional 315 shares during the period. American International Group Inc. increased its position in Cheesecake Factory by 1.2% in the second quarter. American International Group Inc. now owns 26,913 shares of the restaurant operator’s stock worth $711,000 after buying an additional 328 shares during the period. US Bancorp DE increased its position in Cheesecake Factory by 3.1% in the second quarter. US Bancorp DE now owns 11,542 shares of the restaurant operator’s stock worth $305,000 after buying an additional 348 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Cheesecake Factory by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 6,991 shares of the restaurant operator’s stock worth $278,000 after buying an additional 363 shares during the period. 84.62% of the stock is owned by institutional investors and hedge funds.
Cheesecake Factory Stock Up 2.9 %
NASDAQ CAKE opened at $33.49 on Monday. The stock has a market cap of $1.75 billion, a PE ratio of 20.55, a P/E/G ratio of 1.93 and a beta of 1.40. Cheesecake Factory has a fifty-two week low of $26.05 and a fifty-two week high of $51.19. The business has a 50 day moving average price of $30.14 and a two-hundred day moving average price of $32.94. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 1.29.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.27). The company had revenue of $832.60 million during the quarter, compared to analysts’ expectations of $836.64 million. Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, sell-side analysts predict that Cheesecake Factory will post 2.04 EPS for the current fiscal year.
Cheesecake Factory Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Wednesday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, August 9th. Cheesecake Factory’s dividend payout ratio is currently 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.
See Also
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.
