The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $39.58 Average Price Target from Analysts

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Free Report) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.58.

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Cheesecake Factory from $37.00 to $38.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Citigroup raised Cheesecake Factory from a “neutral” rating to a “buy” rating and upped their price target for the company from $38.00 to $47.00 in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their price objective on Cheesecake Factory from $34.00 to $40.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th. Robert W. Baird upped their price objective on shares of Cheesecake Factory from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Finally, Raymond James upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Thursday, May 9th.

Get Our Latest Stock Report on CAKE

Insider Buying and Selling

In other news, insider Keith Carango sold 3,785 shares of Cheesecake Factory stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $40.10, for a total transaction of $151,778.50. Following the completion of the sale, the insider now owns 28,072 shares in the company, valued at approximately $1,125,687.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in Cheesecake Factory by 2,360.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 661 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Cheesecake Factory during the 4th quarter valued at about $26,000. Studio Investment Management LLC purchased a new position in shares of Cheesecake Factory during the 3rd quarter valued at about $25,000. Quadrant Capital Group LLC lifted its position in Cheesecake Factory by 48.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock worth $55,000 after buying an additional 511 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Cheesecake Factory in the third quarter worth approximately $70,000. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Up 0.2 %

CAKE stock opened at $39.84 on Friday. Cheesecake Factory has a 1-year low of $28.58 and a 1-year high of $41.25. The stock has a market cap of $2.03 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.19 and a beta of 1.48. The stock’s fifty day simple moving average is $37.72 and its two-hundred day simple moving average is $35.78. The company has a current ratio of 0.43, a quick ratio of 0.33 and a debt-to-equity ratio of 1.42.

Cheesecake Factory (NASDAQ:CAKEGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.10. The company had revenue of $891.22 million during the quarter, compared to analyst estimates of $890.49 million. Cheesecake Factory had a net margin of 3.07% and a return on equity of 42.15%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Analysts expect that Cheesecake Factory will post 3.16 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.71%. The ex-dividend date was Tuesday, May 21st. Cheesecake Factory’s dividend payout ratio is 49.54%.

About Cheesecake Factory

(Get Free Report

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.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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