News stories about Cheesecake Factory (NASDAQ:CAKE) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cheesecake Factory earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 46.5526157916313 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Cheesecake Factory (CAKE) and Its Competitors Financial Survey (americanbankingnews.com)
- Casino dortmund merkur – Ip casino biloxi hotel – Party casino forum (senseapplied.com)
- Cheesecake Factory Inc (CAKE) Expected to Announce Quarterly Sales of $582.01 Million (americanbankingnews.com)
- BidaskClub Downgrades Cheesecake Factory (CAKE) to Sell (americanbankingnews.com)
- Form 4 CHEESECAKE FACTORY INC For: Feb 15 Filed by: Clark Matthew Eliot (streetinsider.com)
A number of research firms recently commented on CAKE. BTIG Research raised their price objective on shares of Cheesecake Factory to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BidaskClub lowered shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Bank of America lowered their price objective on shares of Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Finally, Barclays reiterated an “equal weight” rating and set a $47.00 price objective (up previously from $43.00) on shares of Cheesecake Factory in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.18.
Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. research analysts predict that Cheesecake Factory will post 2.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, February 27th. Cheesecake Factory’s dividend payout ratio is 35.26%.
In related news, insider Cheryl Slomann sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $49.87, for a total value of $274,285.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.40% of the company’s stock.
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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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