The Cheesecake Factory Incorporated (NASDAQ:CAKE) had its price objective lowered by Maxim Group from $57.00 to $54.00 in a research report released on Thursday. The brokerage currently has a buy rating on the restaurant operator’s stock.
A number of other research analysts have also commented on the company. Nomura lowered their price objective on The Cheesecake Factory from $44.00 to $43.00 and set a neutral rating on the stock in a report on Friday, October 27th. Zacks Investment Research raised The Cheesecake Factory from a sell rating to a hold rating in a report on Friday, October 27th. Wells Fargo & Company lowered their price objective on The Cheesecake Factory from $46.00 to $43.00 and set a market perform rating on the stock in a report on Tuesday, October 24th. Barclays PLC lowered their price objective on The Cheesecake Factory from $48.00 to $46.00 and set an equal weight rating on the stock in a report on Wednesday, October 18th. Finally, Stephens lowered their price objective on The Cheesecake Factory from $48.00 to $45.00 and set an equal weight rating on the stock in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $49.24.
Shares of The Cheesecake Factory (NASDAQ CAKE) traded up $1.28 during midday trading on Thursday, hitting $43.46. The stock had a trading volume of 1,920,000 shares, compared to its average volume of 1,552,798. The firm has a market cap of $2,042.92, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.29. The Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. sell-side analysts forecast that The Cheesecake Factory will post 2.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.67%. The Cheesecake Factory’s dividend payout ratio is currently 42.80%.
Hedge funds have recently made changes to their positions in the business. Koch Industries Inc. bought a new stake in shares of The Cheesecake Factory in the 2nd quarter worth approximately $353,000. Hendershot Investments Inc. lifted its position in shares of The Cheesecake Factory by 4.3% in the 2nd quarter. Hendershot Investments Inc. now owns 69,805 shares of the restaurant operator’s stock worth $3,511,000 after acquiring an additional 2,865 shares during the period. Sciencast Management LP bought a new stake in shares of The Cheesecake Factory in the 2nd quarter worth approximately $357,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of The Cheesecake Factory by 11.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock worth $79,866,000 after acquiring an additional 161,779 shares during the period. Finally, Bridgewater Associates LP bought a new stake in shares of The Cheesecake Factory in the 2nd quarter worth approximately $606,000. Institutional investors own 97.52% of the company’s stock.
The Cheesecake Factory Company Profile
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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