ValuEngine cut shares of Cheesecake Factory (NASDAQ:CAKE) from a hold rating to a sell rating in a research note released on Monday morning, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. Bank of America cut their price target on shares of Cheesecake Factory from $45.00 to $43.00 and set a neutral rating on the stock in a research report on Thursday, February 20th. Telsey Advisory Group cut their price target on shares of Cheesecake Factory from $50.00 to $45.00 and set a market perform rating on the stock in a research report on Thursday, February 20th. UBS Group cut their price objective on shares of Cheesecake Factory from $47.00 to $43.00 and set a neutral rating on the stock in a research report on Tuesday, February 18th. BidaskClub cut shares of Cheesecake Factory from a sell rating to a strong sell rating in a research report on Friday, March 13th. Finally, Deutsche Bank cut their price objective on shares of Cheesecake Factory from $43.00 to $41.00 and set a hold rating on the stock in a research report on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Cheesecake Factory currently has a consensus rating of Hold and a consensus price target of $43.38.

Shares of CAKE opened at $18.87 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $864.16 million, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 0.65 and a beta of 0.57. The firm’s fifty day simple moving average is $32.30 and its two-hundred day simple moving average is $38.62. Cheesecake Factory has a 12 month low of $14.52 and a 12 month high of $51.15.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $694.03 million for the quarter, compared to the consensus estimate of $671.79 million. Cheesecake Factory had a net margin of 5.13% and a return on equity of 21.28%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, research analysts predict that Cheesecake Factory will post 2.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.44 annualized dividend and a yield of 7.63%. Cheesecake Factory’s payout ratio is 55.17%.

Hedge funds have recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in Cheesecake Factory in the 4th quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Cheesecake Factory by 180.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 909 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 585 shares during the period. Advisors Preferred LLC purchased a new position in shares of Cheesecake Factory during the fourth quarter valued at about $197,000. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Cheesecake Factory during the fourth quarter valued at about $208,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of Cheesecake Factory during the third quarter valued at about $236,000. Institutional investors own 99.42% of the company’s stock.

About Cheesecake Factory

The Cheesecake Factory Incorporated engages in the operation of restaurants. 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 April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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