Maxim Group reaffirmed their buy rating on shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in a research report sent to investors on Tuesday, September 12th. They currently have a $57.00 target price on the restaurant operator’s stock.
Several other analysts have also weighed in on CAKE. Jefferies Group LLC raised The Cheesecake Factory from an underperform rating to a hold rating and set a $52.00 target price on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub raised The Cheesecake Factory from a sell rating to a hold rating in a report on Tuesday, June 13th. Telsey Advisory Group lowered their target price on The Cheesecake Factory from $66.00 to $62.00 and set an outperform rating on the stock in a report on Wednesday, June 14th. Wells Fargo & Company restated a market perform rating and issued a $55.00 price objective (down from $61.50) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Finally, Morgan Stanley restated an equal weight rating and issued a $56.00 price objective (down from $62.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $54.44.
The Cheesecake Factory (CAKE) traded down 0.17% during trading on Tuesday, hitting $40.48. 563,727 shares of the stock traded hands. The stock has a market cap of $1.86 billion, a P/E ratio of 14.16 and a beta of 0.34. The Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14. The stock has a 50 day moving average price of $42.53 and a 200-day moving average price of $54.00.
The Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share 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 return on equity of 22.92% and a net margin of 6.10%. The Cheesecake Factory’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, analysts anticipate that The Cheesecake Factory will post $2.66 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, August 14th. The Cheesecake Factory’s dividend payout ratio (DPR) is 40.70%.
Several institutional investors have recently added to or reduced their stakes in CAKE. BlackRock Inc. raised its holdings in shares of The Cheesecake Factory by 21,381.3% in the 1st quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock worth $306,812,000 after purchasing an additional 4,819,766 shares during the period. Renaissance Technologies LLC purchased a new position in shares of The Cheesecake Factory in the 2nd quarter worth about $25,369,000. FMR LLC raised its holdings in shares of The Cheesecake Factory by 445.8% in the 1st quarter. FMR LLC now owns 545,840 shares of the restaurant operator’s stock worth $34,584,000 after purchasing an additional 445,840 shares during the period. AQR Capital Management LLC raised its holdings in shares of The Cheesecake Factory by 52.2% in the 1st quarter. AQR Capital Management LLC now owns 1,125,972 shares of the restaurant operator’s stock worth $71,342,000 after purchasing an additional 386,165 shares during the period. Finally, Marshall Wace North America L.P. raised its holdings in shares of The Cheesecake Factory by 1,407.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 393,218 shares of the restaurant operator’s stock worth $19,661,000 after purchasing an additional 367,127 shares during the period. Institutional investors own 96.22% 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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