Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $52.57.

A number of analysts have recently issued reports on the stock. Jefferies Group LLC raised shares of The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 price target for the company in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Robert W. Baird reissued a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price target (down from $67.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Morgan Stanley reissued an “equal weight” rating and issued a $56.00 price target (down from $62.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Finally, Argus lowered shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th.

The Cheesecake Factory (NASDAQ CAKE) traded up 0.83% during trading on Wednesday, hitting $39.07. 1,757,582 shares of the stock were exchanged. The Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The firm has a market cap of $1.79 billion, a PE ratio of 13.67 and a beta of 0.34. The stock’s 50-day moving average price is $44.07 and its 200-day moving average price is $54.99.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results 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 Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company had revenue of $569.87 million during the quarter, compared to analysts’ expectations of $573.12 million. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that The Cheesecake Factory will post $2.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 40.70%.

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A number of institutional investors and hedge funds have recently modified their holdings of CAKE. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Cheesecake Factory by 32.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 395 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of 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 purchasing an additional 968 shares during the period. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 235 shares during the period. Tyers Asset Management LLC raised its position in shares of 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 purchasing an additional 22 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of The Cheesecake Factory by 17.6% in the second 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. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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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