BidaskClub upgraded shares of Cheesecake Factory (NASDAQ:CAKE) from a sell rating to a hold rating in a report published on Tuesday morning.
A number of other equities analysts have also recently issued reports on the stock. BTIG Research raised their target price on shares of Cheesecake Factory to $55.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Morgan Stanley reissued an equal weight rating and issued a $49.00 target price (down previously from $50.00) on shares of Cheesecake Factory in a report on Thursday, February 22nd. Bank of America cut their target price on shares of Cheesecake Factory from $54.00 to $52.00 and set a neutral rating on the stock in a report on Thursday, February 22nd. Telsey Advisory Group cut shares of Cheesecake Factory from an outperform rating to a market perform rating and set a $48.00 target price on the stock. in a report on Thursday, February 22nd. Finally, Zacks Investment Research cut shares of Cheesecake Factory from a buy rating to a hold rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Cheesecake Factory currently has an average rating of Hold and a consensus target price of $48.18.
Cheesecake Factory (NASDAQ CAKE) opened at $48.55 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.02. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14. The stock has a market cap of $2,222.92, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37.
Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $567.80 million. During the same quarter last year, the company posted $0.67 earnings per share. Cheesecake Factory’s revenue was down 5.2% on a year-over-year basis. equities analysts expect that Cheesecake Factory will post 2.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 35.26%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new stake in shares of Cheesecake Factory during the fourth quarter valued at approximately $267,000. Envestnet Asset Management Inc. raised its holdings in shares of Cheesecake Factory by 21.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,868 shares of the restaurant operator’s stock valued at $1,391,000 after buying an additional 5,081 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Cheesecake Factory during the fourth quarter valued at approximately $2,209,000. BB&T Securities LLC raised its holdings in shares of Cheesecake Factory by 103.5% during the fourth quarter. BB&T Securities LLC now owns 28,392 shares of the restaurant operator’s stock valued at $1,367,000 after buying an additional 14,439 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Cheesecake Factory by 2.4% during the fourth quarter. Macquarie Group Ltd. now owns 1,488,457 shares of the restaurant operator’s stock valued at $71,714,000 after buying an additional 35,071 shares during the last quarter. 97.62% of the stock is currently owned by institutional investors.
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.