The Cheesecake Factory (CAKE) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about The Cheesecake Factory (NASDAQ:CAKE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Cheesecake Factory earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 46.3782106388604 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- The evolution of retail (finance.yahoo.com)
- Notable Intraday Movers: The Cheesecake Factory Incorporated, (NASDAQ: CAKE), TerraForm Global, Inc., (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
- The Cheesecake Factory Makes the Holidays Twice as Sweet with Double the Rewards Beginning Black Friday Through Cyber Monday (finance.yahoo.com)
- The Cheesecake Factory Makes the Holidays Twice as Sweet with Double the Rewards Beginning Black Friday … – Business Wire (press release) (businesswire.com)
- Sweet cheeses: Cheesecake Factory opens 1st Canadian location in Toronto (4-traders.com)
CAKE has been the topic of several research reports. Wells Fargo & Company lowered their target price on The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research raised The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Stephens decreased their price objective on The Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Robert W. Baird reaffirmed a “hold” rating and set a $49.00 price objective on shares of The Cheesecake Factory in a research note on Friday, September 8th. Finally, Maxim Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of The Cheesecake Factory in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.00.
The Cheesecake Factory (CAKE) traded down $0.09 on Friday, hitting $44.83. The company had a trading volume of 427,196 shares, compared to its average volume of 1,655,110. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2,052.54, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.20 and a beta of 0.29. The Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $566.09 million. During the same quarter last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. research analysts forecast that The Cheesecake Factory will post 2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.16 annualized dividend and a yield of 2.59%. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.
In related news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Herbert Simon bought 25,000 shares of The Cheesecake Factory stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. Corporate insiders own 8.40% of the company’s stock.
About The Cheesecake Factory
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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