Cheesecake Factory Inc (NASDAQ:CAKE) has been given a consensus rating of “Hold” by the twenty-one research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $48.00.

Several equities research analysts recently weighed in on CAKE shares. Wells Fargo & Company reduced their target price on Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating for the company in a report on Tuesday, October 24th. Zacks Investment Research upgraded Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Stephens reduced their target price on Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Maxim Group restated a “buy” rating and issued a $57.00 target price on shares of Cheesecake Factory in a report on Tuesday, September 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $49.00 target price on shares of Cheesecake Factory in a report on Friday, September 8th.

Shares of Cheesecake Factory (NASDAQ CAKE) traded down $0.13 during trading on Friday, hitting $48.88. The stock had a trading volume of 1,196,295 shares, compared to its average volume of 1,117,060. The firm has a market cap of $2,240.00, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.33. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). Cheesecake Factory had a net margin of 4.76% and a return on equity of 17.33%. The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts predict that Cheesecake Factory will post 2.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.37%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.

In other Cheesecake Factory news, Director Herbert Simon purchased 25,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Debby R. Zurzolo sold 2,306 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total value of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after buying an additional 482 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,793 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Cheesecake Factory during the second quarter worth approximately $205,000. BlueMountain Capital Management LLC acquired a new position in shares of Cheesecake Factory during the second quarter worth approximately $243,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Cheesecake Factory by 7.1% during the second quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock worth $243,000 after buying an additional 320 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

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About Cheesecake Factory

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 Cheesecake Factory (NASDAQ:CAKE)

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