The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $45.33.
Several brokerages have recently commented on CAKE. Citigroup decreased their target price on Cheesecake Factory from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Barclays decreased their target price on Cheesecake Factory from $39.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on Cheesecake Factory from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, July 5th. Morgan Stanley cut their price target on Cheesecake Factory from $37.00 to $26.00 and set an “underweight” rating on the stock in a research note on Monday, July 18th. Finally, Piper Sandler cut their price target on Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, July 11th.
Cheesecake Factory Stock Performance
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Shares of NASDAQ:CAKE opened at $28.57 on Friday. The business’s fifty day moving average price is $29.34 and its two-hundred day moving average price is $34.75. 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 stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. Cheesecake Factory has a fifty-two week low of $26.05 and a fifty-two week high of $55.31.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last announced its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $793.71 million for the quarter, compared to the consensus estimate of $782.10 million. Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, analysts predict that Cheesecake Factory will post 2.74 EPS for the current fiscal year.
Cheesecake Factory Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 24th. Shareholders of record on Wednesday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.78%. The ex-dividend date was Tuesday, May 10th. Cheesecake Factory’s payout ratio is 72.00%.
Hedge Funds Weigh In On Cheesecake Factory
Several hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management raised its position in shares of Cheesecake Factory by 1,743.2% during the fourth quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 645 shares during the period. Tcwp LLC acquired a new stake in shares of Cheesecake Factory during the first quarter worth about $43,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Cheesecake Factory by 271.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 1,376 shares during the period. Lindbrook Capital LLC raised its position in shares of Cheesecake Factory by 996.6% during the first quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 2,362 shares during the period. Finally, Prospera Financial Services Inc acquired a new stake in shares of Cheesecake Factory during the first quarter worth about $146,000. Institutional investors and hedge funds own 87.42% of the company’s stock.
Cheesecake Factory Company Profile
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.
Further Reading
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