Media coverage about The Cheesecake Factory (NASDAQ:CAKE) has been trending somewhat positive recently, Accern Sentiment reports. TheStreet downgraded The Cheesecake Factory from a "b-" rating to a "c+" rating in a research note on Friday, August 25th. Nomura and their recent price target indicates a potential downside of -10.91 % from the company's last close price. Instinet reaffirmed a "neutral" rating and issued a $44.00 price objective (down from $50.00) on shares of The Cheesecake Factory in a report on Wednesday, August 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The Cheesecake Factory has an average rating of "Hold" and a consensus price target of $49.24.
Shares of The Cheesecake Factory (CAKE) opened at $44.29 on Thursday. The company has a market capitalization of $2,028.75, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.18 and a beta of 0.29. The Cheesecake Factory Incorporated has a 12-month low of $38.34 and a 12-month high of $67.14.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) continues to be a formidable company. First Advisors L P reported 68,253 shares or 0.01% of all its holdings. The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $566.09 million. During the same period past year, the business posted $0.70 earnings per share. The Cheesecake Factory's quarterly revenue was down.8% on a year-over-year basis. research analysts forecast that The Cheesecake Factory will post 2.61 EPS for the current year. If you are reading this news story on another publication, it was illegally copied and reposted in violation of US and worldwide copyright and trademark law.
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TRADEMARK VIOLATION NOTICE: "The Cheesecake Factory Incorporated (CAKE) PT Lowered to $54.00" was originally reported by StockNewsTimes and is owned by of StockNewsTimes.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, November 14th.
Since May 23, 2017, it had 1 insider buy, and 2 insider sales for $711,223 activity. The Cheesecake Factory's payout ratio is now 42.80%. The stock had a trading volume of 1,311,200 shares, compared to its average volume of 1,087,946. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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In other news, VP Debby R. Zurzolo sold 2,415 shares of the stock in a transaction that occurred on Thursday, November 9th. $50.80's average target is 13.14% above currents $44.9 stock price. The disclosure for this sale can be found here. The shares were bought at an average price of $43.50 per share, for a total transaction of $1,087,500.00.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in The Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator's stock valued at $162,000 after buying an additional 482 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator's stock valued at $103,504,000 after acquiring an additional 869,579 shares during the period. First Trust Advisors LP lifted its holdings in The Cheesecake Factory by 750.5% in the third quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator's stock worth $176,000 after acquiring an additional 1,793 shares during the period. Finally, LS Investment Advisors LLC lifted its position in shares of The Cheesecake Factory by 17.0% during the second quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator's stock worth $218,000 after acquiring an additional 109 shares during the period.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company, through its subsidiaries, owns and operates 210 full-service, casual dining restaurants throughout the United States of America, including Puerto Rico, comprised of 196 restaurants under The Cheesecake Factory® mark; 13 restaurants under the Grand Lux Cafe® mark; and one restaurant under the RockSugar Pan Asian Kitchen® mark (rebranding to RockSugar Southeast Asian Kitchen®). The Company's bakery division operates two bakery production facilities, in Calabasas Hills, CA and Rocky Mount, NC, that produce quality cheesecakes and other baked products for its restaurants, global licensees and third-party bakery customers.
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