Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $48.00.

CAKE has been the topic of a number of research reports. Wells Fargo & Company decreased their target price on shares of The Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Stephens decreased their target price on shares of The Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Maxim Group reaffirmed a “buy” rating and set a $57.00 target price on shares of The Cheesecake Factory in a research note on Tuesday, September 12th. Finally, Robert W. Baird reissued a “hold” rating and issued a $49.00 price objective on shares of The Cheesecake Factory in a research note on Friday, September 8th.

In other news, Director Herbert Simon purchased 25,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Debby R. Zurzolo sold 2,415 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $44.20, for a total transaction of $106,743.00. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CAKE. Tiedemann Wealth Management LLC raised its holdings in shares of The Cheesecake Factory by 22.9% during the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 3,237 shares during the period. Victory Capital Management Inc. raised its holdings in shares of The Cheesecake Factory by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 482 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of The Cheesecake Factory by 105.5% during the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of The Cheesecake Factory during the second quarter valued at about $205,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of The Cheesecake Factory by 7.1% during the second quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock valued at $243,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 97.55% of the company’s stock.

The Cheesecake Factory (NASDAQ:CAKE) traded down $0.43 during midday trading on Friday, hitting $47.87. 904,900 shares of the company’s stock were exchanged, compared to its average volume of 1,111,551. The company has a market capitalization of $2,211.43, a PE ratio of 17.69, a PEG ratio of 1.29 and a beta of 0.33. The Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.

The Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The company had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. analysts expect that The Cheesecake Factory will post 2.6 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 42.80%.

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The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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