Cheesecake Factory (NASDAQ:CAKE) Coverage Initiated by Analysts at Stephens

Stephens started coverage on shares of Cheesecake Factory (NASDAQ:CAKEGet Rating) in a research report released on Thursday, The Fly reports. The brokerage issued an overweight rating on the restaurant operator’s stock.

Several other analysts also recently commented on CAKE. Piper Sandler dropped their target price on shares of Cheesecake Factory from $38.00 to $30.00 and set a neutral rating on the stock in a report on Monday, July 11th. Barclays reduced their target price on shares of Cheesecake Factory from $32.00 to $28.00 and set an underweight rating for the company in a research report on Thursday, July 28th. UBS Group reduced their target price on shares of Cheesecake Factory from $42.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Cheesecake Factory from $35.00 to $31.00 in a research report on Thursday, July 28th. Finally, Citigroup boosted their target price on Cheesecake Factory from $39.00 to $40.00 in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $42.83.

Cheesecake Factory Stock Down 7.1 %

Cheesecake Factory stock opened at $29.14 on Thursday. The company’s 50 day simple moving average is $31.02 and its 200 day simple moving average is $32.59. Cheesecake Factory has a fifty-two week low of $26.05 and a fifty-two week high of $51.19. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.83 and a beta of 1.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.63 and a quick ratio of 0.54.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.27). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The firm had revenue of $832.60 million for the quarter, compared to the consensus estimate of $836.64 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheesecake Factory will post 2.04 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Wednesday, August 10th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 3.71%. Cheesecake Factory’s payout ratio is 66.26%.

Hedge Funds Weigh In On Cheesecake Factory

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System grew its stake in Cheesecake Factory by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 72,203 shares of the restaurant operator’s stock worth $2,873,000 after buying an additional 300 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Cheesecake Factory by 0.3% in the 2nd 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 in the last quarter. American International Group Inc. grew its stake in Cheesecake Factory by 1.2% in the 2nd 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 in the last quarter. US Bancorp DE grew its stake in Cheesecake Factory by 3.1% in the 2nd quarter. US Bancorp DE now owns 11,542 shares of the restaurant operator’s stock worth $305,000 after buying an additional 348 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Cheesecake Factory by 5.5% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.

Cheesecake Factory Company Profile

(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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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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