Cheesecake Factory Inc (NASDAQ:CAKE) insider Cheryl Slomann sold 5,500 shares of the company’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 filing with the SEC, which can be accessed through the SEC website.
Cheesecake Factory stock opened at $47.94 on Thursday. Cheesecake Factory Inc has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a market capitalization of $2,223.38, a P/E ratio of 14.57, a PEG ratio of 1.23 and a beta of 0.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.42.
Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $571.80 million during the quarter, compared to analyst estimates of $567.80 million. Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. research analysts expect that Cheesecake Factory Inc will post 2.73 earnings per share for the current fiscal year.
CAKE has been the subject of a number of recent analyst reports. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Piper Jaffray Companies upped their price target on Cheesecake Factory from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $54.00 price target on shares of Cheesecake Factory in a research report on Monday, January 8th. TheStreet raised Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Finally, Barclays reaffirmed an “equal weight” rating and set a $47.00 price target (up previously from $43.00) on shares of Cheesecake Factory in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.18.
Institutional investors have recently bought and sold shares of the stock. Perennial Advisors LLC grew its stake in shares of Cheesecake Factory by 123.1% in the 4th quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock worth $140,000 after buying an additional 1,600 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cheesecake Factory in the 2nd quarter worth approximately $205,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Cheesecake Factory by 328.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,435 shares of the restaurant operator’s stock worth $214,000 after buying an additional 3,400 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $255,000. Finally, Elkfork Partners LLC purchased a new stake in shares of Cheesecake Factory in the 4th quarter worth approximately $267,000. Institutional investors own 97.62% of the company’s stock.
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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.
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