1 week Ago By ABMN Staff
Shares of The Cheesecake Factory Incorporated ( NASDAQ:CAKE – Get Free Report ) have been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.
08. CAKE has been the topic of several research analyst reports. Stephens restated an “overweight” rating and issued a $50.
00 price objective on shares of Cheesecake Factory in a report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of Cheesecake Factory from $37.
00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays increased their price objective on shares of Cheesecake Factory from $32.
00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their target price on Cheesecake Factory from $36.
00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Wedbush restated an “outperform” rating and set a $45.
00 price target on shares of Cheesecake Factory in a research report on Thursday, August 1st. View Our Latest Analysis on Cheesecake Factory Cheesecake Factory Stock Performance Cheesecake Factory ( NASDAQ:CAKE – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.
09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09.
Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%.
The company had revenue of $904.04 million during the quarter, compared to analyst estimates of $909.19 million.
During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 4.
4% compared to the same quarter last year. On average, analysts expect that Cheesecake Factory will post 3.21 EPS for the current year.
Cheesecake Factory Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were paid a $0.27 dividend.
This represents a $1.08 annualized dividend and a dividend yield of 2.88%.
The ex-dividend date was Wednesday, August 14th. Cheesecake Factory’s payout ratio is presently 49.54%.
Institutional Trading of Cheesecake Factory A number of large investors have recently made changes to their positions in CAKE. Allspring Global Investments Holdings LLC increased its holdings 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 valued at $25,000 after buying an additional 661 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Cheesecake Factory in the 4th quarter valued at about $26,000.
GAMMA Investing LLC lifted its stake in Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,064 shares during the last quarter.
Quadrant Capital Group LLC boosted its holdings in Cheesecake Factory by 48.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 511 shares in the last quarter.
Finally, nVerses Capital LLC acquired a new position in Cheesecake Factory in the second quarter valued at approximately $67,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Cheesecake Factory Company Profile ( 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. Read More Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.
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