Cheesecake Factory PT Raised to $40.00 (CAKE)
Investment analysts at Jefferies Group upped their target price on shares of Cheesecake Factory (NASDAQ:CAKE) to $40.00 in a note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 11.74% from the stock’s previous close.
A number of other firms have also recently commented on CAKE. Analysts at Zacks reiterated a “neutral” rating on shares of Cheesecake Factory in a research note to investors on Thursday. They now have a $45.00 price target on the stock. Finally, analysts at Sterne Agee raised their EPS on shares of Cheesecake Factory in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.44.
Shares of Cheesecake Factory (NASDAQ:CAKE) traded up 5.86% on Thursday, hitting $45.32. The stock had a trading volume of 2,943,686 shares. Cheesecake Factory has a 52-week low of $32.11 and a 52-week high of $44.79. The stock’s 50-day moving average is $42.75 and its 200-day moving average is $40.35. The company has a market cap of $2.376 billion and a price-to-earnings ratio of 22.77.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $469.70 million for the quarter, compared to the consensus estimate of $468.72 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Cheesecake Factory will post $2.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, November 4th.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery businesses. As of February 28, 2013, it operated 177 Company-owned upscale, casual dining, full-service restaurants: 162 under The Cheesecake Factory mark, 14 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark.
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