Analysts Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) Price Target at $46.08

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $47.93.

CAKE has been the topic of a number of recent research reports. Bank of America upped their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wedbush upped their price target on Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup increased their target price on Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Raymond James lifted their price target on Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th.

Cheesecake Factory Trading Down 0.3 %

NASDAQ CAKE opened at $48.37 on Friday. The firm has a market capitalization of $2.47 billion, a PE ratio of 18.39, a P/E/G ratio of 1.37 and a beta of 1.48. The stock’s 50 day moving average is $46.87 and its 200 day moving average is $41.48. Cheesecake Factory has a twelve month low of $31.24 and a twelve month high of $52.10. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $865.50 million for the quarter, compared to analysts’ expectations of $866.13 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. Research analysts forecast that Cheesecake Factory will post 3.31 earnings per share for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 41.06%.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total value of $653,178.60. Following the transaction, the insider now directly owns 14,977 shares of the company’s stock, valued at approximately $747,052.76. This trade represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Cheesecake Factory by 9.6% during the third quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock valued at $10,364,000 after buying an additional 22,416 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cheesecake Factory by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,118,549 shares of the restaurant operator’s stock valued at $45,365,000 after acquiring an additional 12,493 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Cheesecake Factory in the 3rd quarter worth $317,000. XTX Topco Ltd purchased a new stake in shares of Cheesecake Factory in the 3rd quarter worth $628,000. Finally, Tabor Asset Management LP bought a new position in Cheesecake Factory in the 3rd quarter worth $1,327,000. Institutional investors own 94.48% of the company’s stock.

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.