Cheesecake Factory (CAKE) PT Lowered to $44.00 at Barclays

Cheesecake Factory (NASDAQ:CAKE) had its target price reduced by Barclays from $47.00 to $44.00 in a research note released on Thursday morning. They currently have an underweight rating on the restaurant operator’s stock.

A number of other research analysts have also weighed in on CAKE. Wedbush reaffirmed a hold rating and issued a $55.00 price target on shares of Cheesecake Factory in a research note on Wednesday, August 1st. Maxim Group reaffirmed a hold rating and issued a $57.00 price target on shares of Cheesecake Factory in a research note on Wednesday, August 1st. Morgan Stanley cut their price target on shares of Cheesecake Factory from $51.00 to $50.00 and set an equal weight rating on the stock in a research note on Wednesday, August 1st. Jefferies Financial Group reaffirmed a hold rating and issued a $50.00 price target on shares of Cheesecake Factory in a research note on Wednesday, August 1st. Finally, Bank of America cut their price target on shares of Cheesecake Factory from $60.00 to $57.00 and set a neutral rating on the stock in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $52.47.

Shares of CAKE opened at $47.19 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.45. Cheesecake Factory has a twelve month low of $43.26 and a twelve month high of $60.19. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.34 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. The firm had revenue of $580.88 million for the quarter, compared to analyst estimates of $585.44 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Analysts anticipate that Cheesecake Factory will post 2.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Wednesday, November 14th were issued a $0.33 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.80%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 50.77%.

In other news, insider Cheryl Slomann sold 7,500 shares of Cheesecake Factory stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $49.21, for a total value of $369,075.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CAKE. Schroder Investment Management Group raised its holdings in shares of Cheesecake Factory by 96.0% in the second quarter. Schroder Investment Management Group now owns 1,237,553 shares of the restaurant operator’s stock valued at $79,973,000 after purchasing an additional 606,024 shares during the last quarter. BlackRock Inc. increased its holdings in Cheesecake Factory by 8.3% during the second quarter. BlackRock Inc. now owns 5,177,817 shares of the restaurant operator’s stock worth $285,089,000 after buying an additional 398,351 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Cheesecake Factory by 12.8% during the third quarter. Macquarie Group Ltd. now owns 1,940,959 shares of the restaurant operator’s stock worth $103,919,000 after buying an additional 219,751 shares during the last quarter. Toronto Dominion Bank acquired a new position in Cheesecake Factory during the third quarter worth $8,054,000. Finally, Marshall Wace LLP acquired a new position in Cheesecake Factory during the second quarter worth $6,250,000.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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