Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) have earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $49.92.
Several research analysts have weighed in on CAKE shares. Deutsche Bank Aktiengesellschaft cut their price objective on Cheesecake Factory from $47.00 to $43.00 in a research report on Thursday, April 28th. Morgan Stanley reduced 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 report on Thursday, April 14th. Raymond James reduced their price target on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Stephens boosted their price target on shares of Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 17th. Finally, Citigroup began coverage on shares of Cheesecake Factory in a research report on Tuesday, April 12th. They set a “buy” rating and a $52.00 price target for the company.
Shares of Cheesecake Factory stock traded up $0.84 during midday trading on Tuesday, reaching $34.40. The company had a trading volume of 26,437 shares, compared to its average volume of 994,995. The firm has a market cap of $1.82 billion, a PE ratio of 22.72, a P/E/G ratio of 1.47 and a beta of 1.41. The stock has a fifty day moving average price of $37.18 and a 200 day moving average price of $39.08. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.57. Cheesecake Factory has a fifty-two week low of $31.43 and a fifty-two week high of $63.77.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share 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%. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, sell-side analysts forecast that Cheesecake Factory will post 2.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Wednesday, May 11th will be given a $0.27 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $1.08 annualized dividend and a yield of 3.14%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Amundi Pioneer Asset Management Inc. raised its position in Cheesecake Factory by 84.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 45,408 shares of the restaurant operator’s stock worth $2,221,000 after acquiring an additional 20,815 shares during the period. Morgan Stanley increased its stake in shares of Cheesecake Factory by 7.2% in the second quarter. Morgan Stanley now owns 356,633 shares of the restaurant operator’s stock worth $19,322,000 after purchasing an additional 23,808 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cheesecake Factory in the third quarter worth $451,000. Deutsche Bank AG increased its stake in shares of Cheesecake Factory by 4.1% in the third quarter. Deutsche Bank AG now owns 36,236 shares of the restaurant operator’s stock worth $1,704,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in Cheesecake Factory by 3.4% during the third quarter. Advisor Group Holdings Inc. now owns 10,308 shares of the restaurant operator’s stock valued at $484,000 after acquiring an additional 337 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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