Maxim Group reaffirmed their buy rating on shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in a report published on Thursday, MarketBeat.com reports. The firm currently has a $57.00 price target on the restaurant operator’s stock, down from their previous price target of $65.00.
Other equities analysts have also issued reports about the stock. Wedbush reissued a buy rating on shares of The Cheesecake Factory in a report on Thursday, July 13th. Piper Jaffray Companies reissued a buy rating and set a $65.00 price objective on shares of The Cheesecake Factory in a report on Wednesday, July 26th. Morgan Stanley reissued an equal weight rating and set a $56.00 price objective (down from $62.00) on shares of The Cheesecake Factory in a report on Wednesday, June 14th. Barclays PLC cut their price objective on shares of The Cheesecake Factory from $56.00 to $53.00 and set an equal weight rating on the stock in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of The Cheesecake Factory from a sell rating to a hold rating in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $55.18.
Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at 45.13 on Thursday. The stock has a market cap of $2.08 billion, a P/E ratio of 15.79 and a beta of 0.31. The Cheesecake Factory has a 1-year low of $44.02 and a 1-year high of $67.14. The company has a 50 day moving average price of $50.13 and a 200 day moving average price of $58.36.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The company had revenue of $569.87 million for the quarter, compared to analyst estimates of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The Cheesecake Factory’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. On average, equities analysts anticipate that The Cheesecake Factory will post $2.67 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.29 per share. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. This represents a $1.16 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, August 14th. The Cheesecake Factory’s payout ratio is presently 33.68%.
In other news, VP Debby R. Zurzolo sold 6,424 shares of The Cheesecake Factory stock in a transaction on 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 can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Sawgrass Asset Management LLC increased its stake in The Cheesecake Factory by 48.8% in the first quarter. Sawgrass Asset Management LLC now owns 5,445 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 1,785 shares during the last quarter. Profund Advisors LLC increased its stake in The Cheesecake Factory by 3.7% in the first quarter. Profund Advisors LLC now owns 8,231 shares of the restaurant operator’s stock valued at $522,000 after buying an additional 296 shares during the last quarter. Retirement Systems of Alabama increased its stake in The Cheesecake Factory by 0.6% in the first quarter. Retirement Systems of Alabama now owns 57,300 shares of the restaurant operator’s stock valued at $3,631,000 after buying an additional 339 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in The Cheesecake Factory during the first quarter valued at approximately $953,000. Finally, Capital Impact Advisors LLC increased its stake in The Cheesecake Factory by 82.3% in the first quarter. Capital Impact Advisors LLC now owns 31,909 shares of the restaurant operator’s stock valued at $2,022,000 after buying an additional 14,409 shares during the last quarter. Institutional investors and hedge funds own 96.93% of the company’s stock.
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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