The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Average Recommendation of “Hold” by Analysts

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $59.1765.

CAKE has been the topic of a number of research reports. Bank of America dropped their target price on shares of Cheesecake Factory from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating and set a $60.00 price objective (down previously from $70.00) on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Morgan Stanley set a $49.00 target price on Cheesecake Factory in a report on Wednesday, October 29th. Stephens dropped their target price on shares of Cheesecake Factory from $70.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays decreased their price objective on Cheesecake Factory from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday, October 29th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its position in Cheesecake Factory by 39.2% during the second quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 178 shares during the period. California State Teachers Retirement System increased its holdings in shares of Cheesecake Factory by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock worth $2,790,000 after purchasing an additional 203 shares during the period. Arizona State Retirement System raised its position in shares of Cheesecake Factory by 1.6% during the third quarter. Arizona State Retirement System now owns 13,918 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 214 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Cheesecake Factory by 16.4% in the third quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 221 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in shares of Cheesecake Factory by 6.0% in the third quarter. Evergreen Capital Management LLC now owns 4,415 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 248 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Trading Down 0.2%

Shares of NASDAQ:CAKE opened at $47.66 on Friday. The company has a 50 day moving average of $50.96 and a 200-day moving average of $56.99. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $2.38 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.21 and a beta of 1.08. Cheesecake Factory has a twelve month low of $42.69 and a twelve month high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 28th. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The business had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. Cheesecake Factory had a net margin of 4.33% and a return on equity of 47.25%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. As a group, analysts anticipate that Cheesecake Factory will post 3.71 earnings per share for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. Cheesecake Factory’s dividend payout ratio is currently 32.73%.

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.