Cheesecake Factory (CAKE) Receiving Somewhat Negative News Coverage, Study Shows

News stories about Cheesecake Factory (NASDAQ:CAKE) have trended somewhat negative on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cheesecake Factory earned a coverage optimism score of -0.03 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 44.4327611154867 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Cheesecake Factory (NASDAQ CAKE) traded down $0.14 during trading hours on Thursday, reaching $46.02. 30,996 shares of the company were exchanged, compared to its average volume of 995,346. Cheesecake Factory has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a market capitalization of $2,135.88, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.33. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.

Several brokerages have recently weighed in on CAKE. TheStreet raised shares of Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Wells Fargo & Co dropped their price objective on shares of Cheesecake Factory from $45.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday. Zacks Investment Research lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays dropped their price objective on shares of Cheesecake Factory from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Finally, Maxim Group lowered their price target on shares of Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.00.

In other Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is currently owned by company insiders.

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About 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.

Insider Buying and Selling by Quarter for Cheesecake Factory (NASDAQ:CAKE)

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