Insider Selling: Debby R. Zurzolo Sells 2,000 Shares of The Cheesecake Factory Stock (CAKE)
The Cheesecake Factory (NASDAQ:CAKE) VP Debby R. Zurzolo sold 2,000 shares of The Cheesecake Factory stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $44.53, for a total value of $89,060.00. Following the transaction, the vice president now directly owns 21,600 shares of the company’s stock, valued at approximately $961,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Cheesecake Factory (NASDAQ:CAKE) traded up 0.82% during mid-day trading on Tuesday, hitting $45.04. 467,564 shares of the company’s stock traded hands. The Cheesecake Factory has a one year low of $41.52 and a one year high of $49.74. The stock’s 50-day moving average is $44.55 and its 200-day moving average is $45.89. The company has a market cap of $2.158 billion and a price-to-earnings ratio of 21.04.
The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.59 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. The Cheesecake Factory’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that The Cheesecake Factory will post $2.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 19th. Investors of record on Wednesday, August 6th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, August 4th. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.14.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The Cheesecake Factory has an average rating of “Buy” and a consensus price target 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.
Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.