Cheesecake Factory Inc (NASDAQ:CAKE) Receives $52.67 Average PT from Brokerages

Cheesecake Factory Inc (NASDAQ:CAKE) has been given a consensus rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $52.67.

CAKE has been the subject of several analyst reports. Maxim Group reissued a “buy” rating and issued a $60.00 price objective (up previously from $55.00) on shares of Cheesecake Factory in a report on Thursday, February 21st. Bank of America reissued a “neutral” rating and issued a $50.00 price objective (down previously from $56.00) on shares of Cheesecake Factory in a report on Thursday, February 21st. BidaskClub cut Cheesecake Factory from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. Wedbush reissued a “hold” rating and issued a $48.00 price objective on shares of Cheesecake Factory in a report on Thursday, April 18th. Finally, TheStreet raised Cheesecake Factory from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th.

In other Cheesecake Factory news, Director Laurence B. Mindel purchased 2,000 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $47.50 per share, with a total value of $95,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edie A. Ames purchased 700 shares of Cheesecake Factory stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $47.18 per share, with a total value of $33,026.00. Following the acquisition, the director now directly owns 3,130 shares in the company, valued at approximately $147,673.40. The disclosure for this purchase can be found here. Insiders purchased a total of 4,200 shares of company stock valued at $202,486 in the last ninety days. 8.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Cheesecake Factory by 1.9% in the 4th quarter. BlackRock Inc. now owns 5,305,610 shares of the restaurant operator’s stock worth $230,847,000 after purchasing an additional 97,768 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Cheesecake Factory by 7.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,720,092 shares of the restaurant operator’s stock worth $133,068,000 after purchasing an additional 181,979 shares during the period. Macquarie Group Ltd. raised its holdings in Cheesecake Factory by 9.8% in the 4th quarter. Macquarie Group Ltd. now owns 2,130,536 shares of the restaurant operator’s stock worth $92,699,000 after purchasing an additional 189,577 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Cheesecake Factory by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,413,874 shares of the restaurant operator’s stock valued at $61,516,000 after acquiring an additional 95,965 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Cheesecake Factory by 718.0% during the first quarter. First Trust Advisors LP now owns 719,777 shares of the restaurant operator’s stock valued at $35,211,000 after acquiring an additional 631,789 shares during the last quarter. 98.26% of the stock is owned by institutional investors.

Cheesecake Factory stock opened at $44.49 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 1.78. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.29 and a beta of 0.45. Cheesecake Factory has a fifty-two week low of $41.63 and a fifty-two week high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $599.48 million during the quarter, compared to analysts’ expectations of $603.03 million. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, research analysts forecast that Cheesecake Factory will post 2.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Thursday, May 16th were issued a $0.33 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.97%. Cheesecake Factory’s payout ratio is 54.32%.

Cheesecake Factory Company Profile

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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