Shares of Cheesecake Factory Inc (NASDAQ:CAKE) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $51.38.

CAKE has been the topic of a number of analyst reports. Maxim Group lifted their target price on shares of Cheesecake Factory from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Bank of America lifted their target price on shares of Cheesecake Factory from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, June 14th. BidaskClub raised shares of Cheesecake Factory from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 24th. ValuEngine downgraded shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Finally, Barclays lifted their target price on shares of Cheesecake Factory from $52.00 to $56.00 and gave the stock a “$58.55” rating in a research note on Wednesday, July 18th.

Shares of CAKE stock opened at $52.84 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $60.19. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.51 and a beta of 0.30.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Tuesday, July 31st. The restaurant operator reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.16). Cheesecake Factory had a return on equity of 17.87% and a net margin of 6.00%. The firm had revenue of $593.20 million for the quarter, compared to analysts’ expectations of $592.40 million. During the same period last year, the firm earned $0.78 earnings per share. Cheesecake Factory’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts anticipate that Cheesecake Factory will post 2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Cheesecake Factory’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, August 14th. Cheesecake Factory’s payout ratio is 50.77%.

In other news, VP Debby R. Zurzolo sold 1,780 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $52.20, for a total value of $92,916.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edie A. Ames purchased 500 shares of Cheesecake Factory stock in a transaction dated Wednesday, August 22nd. The stock was bought at an average cost of $52.83 per share, for a total transaction of $26,415.00. Following the completion of the purchase, the director now directly owns 1,430 shares in the company, valued at approximately $75,546.90. The disclosure for this purchase can be found here. 8.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Cheesecake Factory by 8.3% in the 2nd quarter. BlackRock Inc. now owns 5,177,817 shares of the restaurant operator’s stock valued at $285,089,000 after acquiring an additional 398,351 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Cheesecake Factory by 5.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,690,151 shares of the restaurant operator’s stock valued at $129,719,000 after acquiring an additional 141,443 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Cheesecake Factory by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,385 shares of the restaurant operator’s stock valued at $97,422,000 after acquiring an additional 7,158 shares during the period. Macquarie Group Ltd. raised its stake in shares of Cheesecake Factory by 5.4% in the 2nd quarter. Macquarie Group Ltd. now owns 1,721,208 shares of the restaurant operator’s stock valued at $94,770,000 after acquiring an additional 87,988 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cheesecake Factory by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,322,175 shares of the restaurant operator’s stock valued at $63,755,000 after acquiring an additional 8,233 shares during the period.

Cheesecake Factory Company Profile

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 August 7, 2018, it operated 214 company-owned restaurants, including 198 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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