Share on StockTwits

The Cheesecake Factory (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $44.34, for a total value of $88,680.00. Following the transaction, the vice president now directly owns 21,600 shares of the company’s stock, valued at approximately $957,744. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at 44.16 on Monday. The Cheesecake Factory has a 52-week low of $41.52 and a 52-week high of $49.74. The stock has a 50-day moving average of $44.61 and a 200-day moving average of $45.88. The company has a market cap of $2.116 billion and a price-to-earnings ratio of 20.87.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, July 23rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. The company had revenue of $496.40 million for the quarter, compared to the consensus estimate of $502.03 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that The Cheesecake Factory will post $2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, August 4th. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.14.

A number of research firms have recently commented on CAKE. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Thursday, July 31st. They now have a $47.00 price target on the stock, down previously from $50.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Cheesecake Factory in a research note on Monday, July 28th. They now have a $45.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of The Cheesecake Factory in a research note on Thursday, July 24th. They now have a $43.00 price target on the stock, down previously from $46.00. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.30.

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.