Maxim Group reissued their buy rating on shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in a report published on Tuesday. Maxim Group currently has a $57.00 price target on the restaurant operator’s stock.
Other equities research analysts also recently issued reports about the stock. Wedbush reiterated a buy rating on shares of The Cheesecake Factory in a research note on Thursday, July 13th. Piper Jaffray Companies restated a buy rating and issued a $65.00 target price on shares of The Cheesecake Factory in a research note on Wednesday, July 26th. TheStreet downgraded shares of The Cheesecake Factory from a b- rating to a c+ rating in a research note on Friday, August 25th. Morgan Stanley restated an equal weight rating and issued a $56.00 target price (down from $62.00) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Finally, Barclays PLC decreased their target price on shares of The Cheesecake Factory from $56.00 to $53.00 and set an equal weight rating for the company in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $54.44.
Shares of The Cheesecake Factory (CAKE) opened at 40.75 on Tuesday. The Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14. The stock has a 50 day moving average of $42.74 and a 200-day moving average of $54.25. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.25 and a beta of 0.34.
The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company had revenue of $569.87 million during the quarter, compared to the consensus estimate of $573.12 million. During the same period in the previous year, the firm earned $0.78 earnings per share. The Cheesecake Factory’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that The Cheesecake Factory will post $2.66 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 14th. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. This represents a $1.16 annualized dividend and a yield of 2.85%. The Cheesecake Factory’s dividend payout ratio is currently 40.70%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Waratah Capital Advisors Ltd. acquired a new stake in The Cheesecake Factory in the first quarter valued at $4,628,000. Nordea Investment Management AB raised its holdings in The Cheesecake Factory by 15.5% in the first quarter. Nordea Investment Management AB now owns 25,505 shares of the restaurant operator’s stock valued at $1,616,000 after acquiring an additional 3,419 shares in the last quarter. Hendershot Investments Inc. raised its holdings in The Cheesecake Factory by 4.3% in the second quarter. Hendershot Investments Inc. now owns 69,805 shares of the restaurant operator’s stock valued at $3,511,000 after acquiring an additional 2,865 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in The Cheesecake Factory in the first quarter valued at $1,644,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in The Cheesecake Factory by 11.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock valued at $79,866,000 after acquiring an additional 161,779 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.
The 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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