Brokerages Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) PT at $53.60

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has received an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $53.60.

CAKE has been the topic of several recent research reports. Piper Sandler raised their price target on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wedbush raised their price target on shares of Cheesecake Factory from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley boosted their price objective on shares of Cheesecake Factory from $39.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of Cheesecake Factory from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Finally, UBS Group boosted their target price on Cheesecake Factory from $41.00 to $45.00 and gave the stock a “sell” rating in a report on Thursday, February 20th.

Cheesecake Factory Trading Up 1.9%

Shares of CAKE opened at $56.06 on Wednesday. Cheesecake Factory has a twelve month low of $33.50 and a twelve month high of $57.32. The stock has a market cap of $2.78 billion, a PE ratio of 17.52, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $49.08 and its 200-day moving average price is $49.80.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. The company had revenue of $927.20 million during the quarter, compared to analyst estimates of $927.17 million. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. Cheesecake Factory’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, equities analysts forecast that Cheesecake Factory will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, May 14th. Cheesecake Factory’s dividend payout ratio (DPR) is 33.86%.

Insiders Place Their Bets

In related news, Chairman David Overton sold 100,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.08, for a total transaction of $5,308,000.00. Following the sale, the chairman now owns 3,092,147 shares of the company’s stock, valued at $164,131,162.76. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Eliot Clark sold 29,000 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $53.56, for a total value of $1,553,240.00. Following the completion of the transaction, the chief financial officer now owns 39,856 shares of the company’s stock, valued at approximately $2,134,687.36. This trade represents a 42.12% decrease in their position. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Cheesecake Factory

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Cheesecake Factory during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in Cheesecake Factory in the fourth quarter valued at $43,000. USA Financial Formulas acquired a new stake in Cheesecake Factory during the 1st quarter worth about $49,000. Venturi Wealth Management LLC lifted its holdings in Cheesecake Factory by 1,149.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 1,207 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in Cheesecake Factory in the 1st quarter worth approximately $72,000. 94.48% of the stock is owned by hedge funds and other 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.