The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives Consensus Rating of “Hold” from Analysts

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $34.60.

CAKE has been the subject of several analyst reports. Barclays lifted their price objective on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Oppenheimer reiterated a “market perform” rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. Piper Sandler increased their price target on Cheesecake Factory from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. cut Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Tuesday, January 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $40.00 target price on shares of Cheesecake Factory in a research report on Wednesday, April 10th.

Cheesecake Factory Stock Up 0.6 %

CAKE opened at $33.67 on Friday. Cheesecake Factory has a 1-year low of $28.58 and a 1-year high of $38.19. The stock’s fifty day simple moving average is $35.26 and its 200 day simple moving average is $33.86. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.72 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The firm had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $876.17 million. During the same quarter last year, the business earned $0.56 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Cheesecake Factory will post 3.06 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 52.43%.

Institutional Investors Weigh In On Cheesecake Factory

Several hedge funds and other institutional investors have recently made changes to their positions in CAKE. Studio Investment Management LLC bought a new stake in shares of Cheesecake Factory during the 3rd quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Cheesecake Factory by 2,360.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 661 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Cheesecake Factory during the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC grew its holdings in shares of Cheesecake Factory by 48.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 511 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Cheesecake Factory during the 3rd quarter valued at approximately $70,000. 94.48% of the stock is owned by institutional investors.

About Cheesecake Factory

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.