Robert W. Baird restated their hold rating on shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in a research report sent to investors on Friday morning. They currently have a $46.00 price objective on the restaurant operator’s stock.
Several other research analysts have also recently issued reports on CAKE. Wedbush started coverage on shares of The Cheesecake Factory in a report on Monday, July 10th. They issued an outperform rating and a $57.00 target price for the company. They noted that the move was a valuation call. Nomura started coverage on shares of The Cheesecake Factory in a report on Wednesday, July 12th. They issued a neutral rating and a $50.00 target price for the company. Instinet started coverage on shares of The Cheesecake Factory in a report on Wednesday, July 12th. They issued a neutral rating and a $50.00 target price for the company. Barclays PLC decreased their target price on shares of The Cheesecake Factory from $56.00 to $53.00 and set an equal weight rating for the company in a report on Wednesday, July 19th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of The Cheesecake Factory in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $49.24.
The Cheesecake Factory (CAKE) opened at $43.46 on Friday. The stock has a market cap of $2,042.94, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.16 and a beta of 0.29. The Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. analysts predict that The Cheesecake Factory will post 2.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.16 annualized dividend and a yield of 2.67%. The Cheesecake Factory’s dividend payout ratio (DPR) is 42.80%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. bought a new stake in The Cheesecake Factory during the second quarter valued at approximately $353,000. Hendershot Investments Inc. grew its position in The Cheesecake Factory by 4.3% during the second quarter. Hendershot Investments Inc. now owns 69,805 shares of the restaurant operator’s stock valued at $3,511,000 after buying an additional 2,865 shares during the period. Sciencast Management LP bought a new stake in The Cheesecake Factory during the second quarter valued at approximately $357,000. Kayne Anderson Rudnick Investment Management LLC grew its position in The Cheesecake Factory by 11.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock valued at $79,866,000 after buying an additional 161,779 shares during the period. Finally, Bridgewater Associates LP bought a new position in shares of The Cheesecake Factory in the second quarter worth approximately $606,000. Institutional investors own 97.76% of the company’s stock.
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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