Analysts Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) PT at $44.75

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $44.75.

CAKE has been the subject of a number of recent research reports. Robert W. Baird upped their target price on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Citigroup boosted their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. StockNews.com raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Stephens increased their price objective on Cheesecake Factory from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total value of $653,178.60. Following the completion of the transaction, the insider now directly owns 14,977 shares in the company, valued at approximately $747,052.76. The trade was a 46.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Cheesecake Factory by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,118,549 shares of the restaurant operator’s stock worth $45,365,000 after purchasing an additional 12,493 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Cheesecake Factory during the third quarter worth about $317,000. XTX Topco Ltd purchased a new position in shares of Cheesecake Factory during the third quarter worth about $628,000. Tabor Asset Management LP bought a new position in shares of Cheesecake Factory in the third quarter worth approximately $1,327,000. Finally, State Street Corp raised its stake in Cheesecake Factory by 3.7% in the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after purchasing an additional 67,550 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 0.5 %

CAKE stock opened at $46.56 on Wednesday. The firm has a 50-day moving average price of $42.92 and a 200-day moving average price of $39.92. Cheesecake Factory has a 12 month low of $30.96 and a 12 month high of $50.75. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2.38 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $865.50 million for the quarter, compared to analyst estimates of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. As a group, equities research analysts anticipate that Cheesecake Factory will post 3.3 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.32%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 41.06%.

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.