ValuEngine upgraded shares of Cheesecake Factory (NASDAQ:CAKE) from a hold rating to a buy rating in a research note published on Wednesday.

Several other research analysts have also commented on the stock. TheStreet lowered shares of Cheesecake Factory from a b rating to a c+ rating in a research note on Tuesday, October 30th. Barclays reduced their price objective on shares of Cheesecake Factory from $54.00 to $51.00 and set an equal weight rating for the company in a research note on Wednesday, October 31st. Maxim Group reduced their price objective on shares of Cheesecake Factory from $57.00 to $55.00 and set a hold rating for the company in a research note on Wednesday, October 31st. Loop Capital began coverage on shares of Cheesecake Factory in a research note on Wednesday, October 24th. They set a hold rating and a $55.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Cheesecake Factory from a sell rating to a hold rating in a research note on Wednesday, October 24th. Sixteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $52.93.

Shares of NASDAQ CAKE traded up $0.01 during trading hours on Wednesday, hitting $52.31. 516,378 shares of the stock were exchanged, compared to its average volume of 985,019. The company has a quick ratio of 0.38, a current ratio of 0.02 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.40 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.33. Cheesecake Factory has a 12 month low of $43.26 and a 12 month high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $580.88 million during the quarter, compared to analyst estimates of $585.44 million. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. Cheesecake Factory’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities research analysts anticipate that Cheesecake Factory will post 2.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Wednesday, November 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, November 13th. Cheesecake Factory’s payout ratio is 50.77%.

In related news, Director Edie A. Ames acquired 500 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were bought at an average price of $52.83 per share, with a total value of $26,415.00. Following the completion of the acquisition, the director now owns 1,430 shares in the company, valued at $75,546.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cheryl Slomann sold 1,005 shares of Cheesecake Factory stock in a transaction on Monday, August 27th. The shares were sold at an average price of $52.94, for a total transaction of $53,204.70. Following the completion of the transaction, the insider now directly owns 12,106 shares in the company, valued at $640,891.64. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Vident Investment Advisory LLC grew its position in Cheesecake Factory by 14.4% in the 2nd quarter. Vident Investment Advisory LLC now owns 17,347 shares of the restaurant operator’s stock valued at $955,000 after buying an additional 2,181 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Cheesecake Factory by 10.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 25,072 shares of the restaurant operator’s stock worth $1,380,000 after buying an additional 2,370 shares in the last quarter. Moody Aldrich Partners LLC purchased a new stake in shares of Cheesecake Factory in the 2nd quarter worth about $1,363,000. Phocas Financial Corp. purchased a new stake in shares of Cheesecake Factory in the 2nd quarter worth about $5,634,000. Finally, American Century Companies Inc. raised its stake in Cheesecake Factory by 19.0% in the 2nd quarter. American Century Companies Inc. now owns 130,020 shares of the restaurant operator’s stock valued at $7,159,000 after purchasing an additional 20,790 shares during the last quarter.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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