The Cheesecake Factory Incorporated (CAKE) Given New $43.00 Price Target at Barclays PLC
The Cheesecake Factory Incorporated (NASDAQ:CAKE) had its price target trimmed by Barclays PLC from $46.00 to $43.00 in a report released on Thursday. The brokerage currently has an equal weight rating on the restaurant operator’s stock.
Several other research analysts also recently issued reports on the company. Nomura lowered their price objective on The Cheesecake Factory from $44.00 to $43.00 and set a neutral rating for the company in a research note on Friday, October 27th. TheStreet downgraded The Cheesecake Factory from a b- rating to a c+ rating in a research note on Friday, August 25th. Maxim Group reaffirmed a buy rating and issued a $57.00 price objective on shares of The Cheesecake Factory in a research note on Tuesday, September 12th. Instinet initiated coverage on The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a neutral rating and a $50.00 price objective for the company. Finally, Robert W. Baird reaffirmed a hold rating and issued a $49.00 price objective on shares of The Cheesecake Factory in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The Cheesecake Factory currently has a consensus rating of Hold and a consensus price target of $49.24.
The Cheesecake Factory (CAKE) traded up $1.28 during trading on Thursday, hitting $43.46. The stock had a trading volume of 1,857,212 shares, compared to its average volume of 1,552,798. The Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14. The firm has a market capitalization of $2,042.92, a P/E ratio of 15.92, a P/E/G ratio of 1.14 and a beta of 0.29.
The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. During the same period in the prior year, the company earned $0.70 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. analysts forecast that The Cheesecake Factory will post 2.61 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 14th. The Cheesecake Factory’s dividend payout ratio is presently 42.80%.
Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in The Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares during the period. Riverhead Capital Management LLC increased its position in The Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in The Cheesecake Factory during the 2nd quarter valued at approximately $205,000. LS Investment Advisors LLC increased its position in The Cheesecake Factory by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,231 shares of the restaurant operator’s stock valued at $213,000 after purchasing an additional 615 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in The Cheesecake Factory by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares during the period. 97.52% of the stock is owned by institutional investors and hedge funds.
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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