The Cheesecake Factory (CAKE) Given Daily Media Sentiment Rating of 0.11
Media coverage about The Cheesecake Factory (NASDAQ:CAKE) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Cheesecake Factory earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 46.3126630383517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have recently issued reports on CAKE shares. Wells Fargo & Company cut their target price on shares of The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Stephens cut their target price on shares of The Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Maxim Group restated a “buy” rating and set a $57.00 target price on shares of The Cheesecake Factory in a research note on Tuesday, September 12th. Finally, Robert W. Baird restated a “hold” rating and set a $49.00 target price on shares of The Cheesecake Factory in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.00.
The Cheesecake Factory (NASDAQ CAKE) opened at $47.87 on Friday. The Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14. The company has a market cap of $2,210.00, a PE ratio of 17.66, a P/E/G ratio of 1.29 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51.
The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. During the same period in the prior year, the business posted $0.70 earnings per share. The Cheesecake Factory’s revenue was down .8% compared to the same quarter last year. analysts anticipate that The Cheesecake Factory will post 2.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio is 42.80%.
In other news, Director Herbert Simon bought 25,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.
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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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