The Cheesecake Factory VP Debby R. Zurzolo Sells 2,000 Shares (CAKE)
The Cheesecake Factory (NASDAQ:CAKE) VP Debby R. Zurzolo unloaded 2,000 shares of The Cheesecake Factory stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $44.98, for a total value of $89,960.00. Following the transaction, the vice president now directly owns 21,600 shares of the company’s stock, valued at approximately $971,568. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of The Cheesecake Factory (NASDAQ:CAKE) traded up 0.29% on Thursday, hitting $44.60. 964,005 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 $44.37 and its 200-day moving average is $45.88. The company has a market cap of $2.137 billion and a price-to-earnings ratio of 20.95.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on CAKE shares. Analysts at Bank of America downgraded shares of The Cheesecake Factory from a “buy” rating to an “underperform” rating in a research note on Thursday. They now have a $42.00 price target on the stock, down previously from $50.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.64.
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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