The Cheesecake Factory Receives Consensus Rating of “Buy” from Analysts (NASDAQ:CAKE)
Shares of The Cheesecake Factory (NASDAQ:CAKE) have been given an average rating of “Buy” by the twenty-one ratings firms that are presently covering the stock, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten 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 $44.63.
Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at 46.26 on Monday. The Cheesecake Factory has a 1-year low of $33.80 and a 1-year high of $49.74. The stock’s 50-day moving average is $45.70 and its 200-day moving average is $45.5. The company has a market cap of $2.349 billion and a P/E ratio of 22.12.
The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 12th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.02. The company had revenue of $475.10 million for the quarter, compared to the consensus estimate of $484.84 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that The Cheesecake Factory will post $2.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 11th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, February 24th.
A number of analysts have recently weighed in on CAKE shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, February 13th. They now have a $48.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of The Cheesecake Factory from $41.00 to $42.00 in a research note on Thursday, February 13th. Finally, analysts at Jefferies Group cut their price target on shares of The Cheesecake Factory from $47.00 to $46.00 in a research note on Thursday, February 13th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.