The Cheesecake Factory (CAKE) Earning Somewhat Favorable Press Coverage, Report Shows

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News coverage about The Cheesecake Factory (NASDAQ:CAKE) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog 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. The Cheesecake Factory earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.4867558649804 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of The Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. BidaskClub downgraded The Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Bank of America cut their price objective on The Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. BTIG Research lifted their price objective on The Cheesecake Factory to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Telsey Advisory Group downgraded The Cheesecake Factory from an “outperform” rating to a “market perform” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.18.

Shares of NASDAQ CAKE traded up $0.32 during trading on Friday, hitting $52.06. 2,026,360 shares of the company traded hands, compared to its average volume of 1,089,515. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2,295.45, a PE ratio of 20.02, a P/E/G ratio of 1.27 and a beta of 0.29. The Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14.

The Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $567.80 million. The Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. equities research analysts expect that The Cheesecake Factory will post 2.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.16 annualized dividend and a dividend yield of 2.23%. The Cheesecake Factory’s payout ratio is 44.62%.

In related news, insider Cheryl Slomann sold 5,500 shares of The Cheesecake Factory stock in a transaction on Monday, March 12th. The shares were sold at an average price of $49.87, for a total transaction of $274,285.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.40% of the company’s stock.

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About The Cheesecake Factory

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 February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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

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