Cheesecake Factory Inc (NASDAQ:CAKE) has earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.09.

CAKE has been the subject of a number of recent analyst reports. Raymond James raised Cheesecake Factory from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Maxim Group reaffirmed a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of Cheesecake Factory in a report on Thursday, February 21st. BidaskClub lowered Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Barclays dropped their price target on Cheesecake Factory from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Thursday, November 29th. Finally, Bank of America reiterated a “neutral” rating and set a $50.00 price target (down previously from $56.00) on shares of Cheesecake Factory in a research report on Thursday, February 21st.

In other news, Chairman David Overton sold 159,297 shares of Cheesecake Factory stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $47.63, for a total transaction of $7,587,316.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cheryl Slomann sold 1,000 shares of Cheesecake Factory stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.36, for a total value of $46,360.00. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CAKE. Lindbrook Capital LLC bought a new stake in Cheesecake Factory in the 4th quarter worth approximately $34,000. We Are One Seven LLC bought a new stake in Cheesecake Factory in the 4th quarter worth approximately $51,000. Acadian Asset Management LLC lifted its position in Cheesecake Factory by 109.2% in the 4th quarter. Acadian Asset Management LLC now owns 1,920 shares of the restaurant operator’s stock worth $84,000 after buying an additional 1,002 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Cheesecake Factory in the 4th quarter worth approximately $133,000. Finally, Advisor Group Inc. lifted its position in Cheesecake Factory by 127.5% in the 4th quarter. Advisor Group Inc. now owns 4,240 shares of the restaurant operator’s stock worth $185,000 after buying an additional 2,376 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

CAKE stock traded down $0.33 during mid-day trading on Friday, reaching $46.41. 828,724 shares of the company traded hands, compared to its average volume of 806,510. The company has a quick ratio of -0.03, a current ratio of 0.47 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.09 billion, a PE ratio of 19.10, a PEG ratio of 1.36 and a beta of 0.34. Cheesecake Factory has a 52-week low of $41.63 and a 52-week high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, February 20th. The restaurant operator reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $585.16 million for the quarter, compared to analysts’ expectations of $593.71 million. Cheesecake Factory had a net margin of 4.21% and a return on equity of 18.78%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities research analysts anticipate that Cheesecake Factory will post 2.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.84%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 54.32%.

About 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 November 20, 2018, it operated 217 company-owned restaurants, including 201 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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