The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $34.60.

A number of equities analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Cheesecake Factory from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Barclays lifted their target price on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Wedbush reissued an “outperform” rating and set a $40.00 price objective on shares of Cheesecake Factory in a report on Wednesday, April 10th. Stephens reissued an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. downgraded shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Tuesday, January 23rd.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors and hedge funds have recently bought and sold shares of the company. South Dakota Investment Council purchased a new stake in shares of Cheesecake Factory during the fourth quarter valued at $844,000. Sapient Capital LLC acquired a new stake in Cheesecake Factory in the 4th quarter valued at about $6,827,000. Envestnet Asset Management Inc. grew its stake in shares of Cheesecake Factory by 46.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 411,017 shares of the restaurant operator’s stock valued at $12,454,000 after buying an additional 131,295 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $2,335,000. Finally, IPG Investment Advisors LLC purchased a new stake in shares of Cheesecake Factory in the 3rd quarter valued at approximately $2,246,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $33.97 on Friday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.12 and a beta of 1.48. The business’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $33.97. Cheesecake Factory has a 12 month low of $28.58 and a 12 month high of $38.19. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, May 8th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.10. The business had revenue of $891.22 million during the quarter, compared to analyst estimates of $890.49 million. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. Cheesecake Factory’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Sell-side analysts forecast that Cheesecake Factory will post 3.06 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, March 6th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.