News stories about The Cheesecake Factory (NASDAQ:CAKE) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Cheesecake Factory earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 45.307624047596 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- The Cheesecake Factory Incorporated (NASDAQ:CAKE) Downgraded by BidaskClub – AppsforPCdaily (appsforpcdaily.com)
- Edie A. Ames Acquires 400 Shares of The Cheesecake Factory Incorporated (CAKE) Stock (americanbankingnews.com)
- Stratos Wealth Partners LTD. Invests $749000 in The Cheesecake Factory Incorporated (CAKE) (techkenyot.com)
- The BidaskClub Lowers The Cheesecake Factory Incorporated (NASDAQ:CAKE) to Strong Sell (expressnewsline.com)
- The Cheesecake Factory Incorpor (NASDAQ:CAKE) Traded -8.7% Below Its 50 Day Average – Modern Readers (modernreaders.com)
Several research analysts have weighed in on CAKE shares. BidaskClub lowered shares of The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Robert W. Baird reiterated a “neutral” rating and issued a $57.00 price objective (down previously from $60.00) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Bank of America Corporation reiterated a “neutral” rating and issued a $62.00 price objective (down previously from $67.00) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Jefferies Group LLC upgraded shares of The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target on the stock in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Finally, Nomura dropped their price target on shares of The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.78.
The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities analysts predict that The Cheesecake Factory will post $2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, August 14th. The Cheesecake Factory’s payout ratio is presently 40.70%.
In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,424 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.50% of the stock is currently owned by insiders.
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About The Cheesecake Factory
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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