Shares of Cheesecake Factory Inc (NASDAQ:CAKE) have been given an average recommendation of “Hold” by the nineteen analysts that are covering the company, Marketbeat reports. Sixteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $52.77.
Several research firms have recently weighed in on CAKE. ValuEngine raised Cheesecake Factory from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet downgraded Cheesecake Factory from a “b” rating to a “c+” rating in a report on Tuesday, October 30th. Barclays decreased their price objective on Cheesecake Factory from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, October 31st. Maxim Group decreased their price objective on Cheesecake Factory from $57.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Finally, Loop Capital began coverage on Cheesecake Factory in a report on Wednesday, October 24th. They issued a “hold” rating and a $55.00 price objective for the company.
Shares of CAKE stock traded up $0.01 during trading hours on Monday, hitting $52.31. The stock had a trading volume of 516,378 shares, compared to its average volume of 985,019. The company has a market capitalization of $2.40 billion, a P/E ratio of 22.16, a PEG ratio of 1.49 and a beta of 0.33. Cheesecake Factory has a twelve month low of $43.26 and a twelve month high of $60.19. The company has a current ratio of 0.02, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, November 13th. Cheesecake Factory’s dividend payout ratio is presently 50.77%.
In related news, Director Edie A. Ames purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was purchased at an average cost of $52.83 per share, with a total value of $26,415.00. Following the completion of the acquisition, the director now directly owns 1,430 shares in the company, valued at $75,546.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cheryl Slomann sold 1,005 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $52.94, for a total value of $53,204.70. Following the sale, the insider now directly owns 12,106 shares of the company’s stock, valued at $640,891.64. The disclosure for this sale can be found here. 8.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of Cheesecake Factory by 6.1% during the third quarter. Victory Capital Management Inc. now owns 18,582 shares of the restaurant operator’s stock worth $995,000 after purchasing an additional 1,069 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Cheesecake Factory by 3.3% during the second quarter. Mutual of America Capital Management LLC now owns 36,439 shares of the restaurant operator’s stock worth $2,006,000 after purchasing an additional 1,171 shares during the period. Perennial Advisors LLC raised its position in Cheesecake Factory by 35.1% in the second quarter. Perennial Advisors LLC now owns 5,000 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 1,300 shares in the last quarter. Scout Investments Inc. raised its position in Cheesecake Factory by 2.2% in the third quarter. Scout Investments Inc. now owns 71,390 shares of the restaurant operator’s stock worth $3,822,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Cheesecake Factory by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 27,768 shares of the restaurant operator’s stock worth $1,487,000 after acquiring an additional 1,664 shares in the last quarter.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated operates restaurants in the United States. 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 August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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