The Cheesecake Factory (CAKE) Earns Daily Coverage Optimism Rating of 0.14
Media headlines about The Cheesecake Factory (NASDAQ:CAKE) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Cheesecake Factory earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 46.5631998526022 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- HP Inc. (HPQ) Weigh On Beatable Move- The Cheesecake Factory Incorporated (CAKE) – Investing News Update (investingbizz.com)
- Cheesecake Factory : Local businesses giving developmentally disabled adults opportunities (4-traders.com)
- Oscillating Stock-:- EQT Corporation (NYSE:EQT), The Cheesecake Factory Incorporated (NASDAQ:CAKE), Great … – Market Breaking Point (press release) (journalfinance.net)
- One way to slowly form healthier eating habits is to give our favourite fast foods a makeover. (khaleejtimes.com)
- Brokerages Expect The Cheesecake Factory Incorporated (CAKE) Will Announce Quarterly Sales of $564.23 Million (americanbankingnews.com)
The Cheesecake Factory (CAKE) traded up 0.83% on Wednesday, reaching $42.77. The company had a trading volume of 304,170 shares. The stock has a market capitalization of $2.01 billion, a PE ratio of 14.95 and a beta of 0.32. The stock has a 50 day moving average price of $41.06 and a 200 day moving average price of $51.66. The Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14.
The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $569.87 million for the quarter, compared to analyst estimates of $573.12 million. During the same quarter last year, the business earned $0.78 earnings per share. The Cheesecake Factory’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that The Cheesecake Factory will post $2.65 EPS for the current year.
Several research analysts have recently weighed in on CAKE shares. Jefferies Group LLC upgraded 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 upgraded 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. Maxim Group upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, June 14th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $55.00 target price (down from $61.50) on shares of The Cheesecake Factory in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The Cheesecake Factory has a consensus rating of “Hold” and an average price target of $52.41.
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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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