TheStreet downgraded shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) from a b- rating to a c+ rating in a research report report published on Friday morning.

Several other equities research analysts have also commented on the company. Robert W. Baird restated a neutral rating and issued a $49.00 price objective (down from $57.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Stephens restated an equal weight rating and issued a $48.00 price objective (down from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Barclays PLC restated an equal weight rating and issued a $48.00 price objective (down from $53.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Instinet restated a neutral rating and issued a $44.00 price objective (down from $50.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Finally, Maxim Group restated a buy rating and issued a $57.00 price objective (down from $65.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $54.78.

Shares of The Cheesecake Factory (CAKE) opened at 41.37 on Friday. The Cheesecake Factory has a 52-week low of $40.96 and a 52-week high of $67.14. The company has a market capitalization of $1.90 billion, a P/E ratio of 14.47 and a beta of 0.31. The stock’s 50 day moving average price is $46.62 and its 200-day moving average price is $56.35.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The Cheesecake Factory’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts expect that The Cheesecake Factory will post $2.66 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio is 40.70%.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,424 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $59.09, for a total transaction of $379,594.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 395 shares during the period. Parallel Advisors LLC increased its position in The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 235 shares during the period. TrimTabs Asset Management LLC increased its position in The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 968 shares during the period. Tyers Asset Management LLC increased its position in The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 22 shares during the period. Finally, Flinton Capital Management LLC increased its position in The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock valued at $170,000 after buying an additional 28 shares during the period. 96.38% 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.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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