The Cheesecake Factory (CAKE) Earns Daily Media Sentiment Rating of 0.23
Press coverage about The Cheesecake Factory (NASDAQ:CAKE) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Cheesecake Factory earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 45.3143838002977 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- The Cheesecake Factory prepares for opening of second Oahu restaurant – KHON2 (khon2.com)
- The Cheesecake Factory opens in Kapolei – KITV Honolulu (kitv.com)
- Remarkable Stock in Review: HP Inc. (NYSE:HPQ), The Cheesecake Factory Incorporated (NASDAQ:CAKE), US Silica … – Market Breaking Point (press release) (journalfinance.net)
- The Cheesecake Factory (CAKE) Presents At Raymond James Annual North American Equities Conference – Slideshow (seekingalpha.com)
- Investor are paying less for The Cheesecake Factory Incorporated (CAKE) ? – Street Observer (press release) (streetobserver.com)
Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 1.29% during trading on Friday, hitting $40.75. The company had a trading volume of 1,570,284 shares. The Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The stock has a 50-day moving average of $42.74 and a 200 day moving average of $54.25. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.25 and a beta of 0.34.
The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million during the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, analysts predict that The Cheesecake Factory will post $2.66 EPS for the current fiscal year.
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 dividend of $0.29 per share. 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. This represents a $1.16 annualized dividend and a dividend yield of 2.85%. The Cheesecake Factory’s payout ratio is currently 40.70%.
Several analysts have weighed in on the company. BidaskClub cut The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Canaccord Genuity reissued a “hold” rating and set a $60.00 price objective on shares of The Cheesecake Factory in a report on Friday, June 16th. Instinet started coverage on The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price target for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $48.00 price target (down from $53.00) on shares of The Cheesecake Factory in a research note on Thursday, August 3rd. Finally, Robert W. Baird set a $49.00 price target on The Cheesecake Factory and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.44.
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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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