The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Average Recommendation of “Hold” by Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.08.

A number of analysts have recently weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $50.00 price objective on shares of Cheesecake Factory in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on Cheesecake Factory from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. Bank of America upped their target price on shares of Cheesecake Factory from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Barclays lifted their price target on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Cheesecake Factory in a research report on Thursday, August 1st.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently modified their holdings of the stock. IPG Investment Advisors LLC raised its position in Cheesecake Factory by 104.7% during the 4th quarter. IPG Investment Advisors LLC now owns 151,695 shares of the restaurant operator’s stock worth $5,311,000 after buying an additional 77,575 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Cheesecake Factory in the 4th quarter valued at approximately $914,000. Capstone Investment Advisors LLC acquired a new position in Cheesecake Factory during the 4th quarter worth approximately $727,000. Campbell & CO Investment Adviser LLC acquired a new position in Cheesecake Factory during the 4th quarter worth approximately $2,532,000. Finally, Norges Bank acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $11,729,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Price Performance

CAKE opened at $38.66 on Friday. The stock’s 50-day moving average price is $37.96 and its 200 day moving average price is $37.08. Cheesecake Factory has a 12-month low of $28.58 and a 12-month high of $41.33. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.13 and a beta of 1.51. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The business had revenue of $904.04 million for the quarter, compared to analysts’ expectations of $909.19 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Cheesecake Factory will post 3.21 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.79%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 49.54%.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.