The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $41.67 Consensus PT from Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Free Report) has been assigned an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.67.

CAKE has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Citigroup boosted their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group raised their price objective on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research note on Friday. JPMorgan Chase & Co. decreased their target price on Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Cheesecake Factory in a research report on Tuesday, October 22nd.

Get Our Latest Stock Analysis on Cheesecake Factory

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAKE. Allspring Global Investments Holdings LLC raised its stake 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 worth $25,000 after purchasing an additional 661 shares in the last quarter. New Century Financial Group LLC acquired a new stake in Cheesecake Factory in the first quarter valued at $1,108,000. Texas Permanent School Fund Corp grew its position in shares of Cheesecake Factory by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,881 shares of the restaurant operator’s stock valued at $1,478,000 after acquiring an additional 547 shares during the period. Duality Advisers LP acquired a new position in shares of Cheesecake Factory during the 1st quarter worth about $1,829,000. Finally, Sciencast Management LP bought a new stake in shares of Cheesecake Factory in the 1st quarter valued at about $400,000. 94.48% of the stock is owned by institutional investors and hedge funds.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $43.25 on Friday. The firm’s 50 day moving average price is $39.76 and its two-hundred day moving average price is $38.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The stock has a market cap of $2.20 billion, a PE ratio of 19.84, a PEG ratio of 1.13 and a beta of 1.49. Cheesecake Factory has a 52-week low of $29.27 and a 52-week high of $43.51.

Cheesecake Factory (NASDAQ:CAKEGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The business had revenue of $904.04 million during the quarter, compared to the consensus estimate of $909.19 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, analysts forecast that Cheesecake Factory will post 3.21 EPS for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.50%. Cheesecake Factory’s dividend payout ratio is 49.54%.

Cheesecake Factory Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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