Cheesecake Factory Inc (NASDAQ:CAKE) insider Cheryl Slomann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $49.87, for a total transaction of $274,285.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Cheesecake Factory Inc (NASDAQ CAKE) traded down $0.24 during mid-day trading on Monday, reaching $49.07. 1,131,263 shares of the company traded hands, compared to its average volume of 1,125,462. Cheesecake Factory Inc has a 1 year low of $38.34 and a 1 year high of $67.14. The stock has a market cap of $2,270.00, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.26 and a beta of 0.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.42 and a current ratio of 0.52.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.30%. The firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $567.80 million. During the same quarter in the prior year, the firm earned $0.67 EPS. Cheesecake Factory’s revenue for the quarter was down 5.2% on a year-over-year basis. research analysts anticipate that Cheesecake Factory Inc will post 2.73 EPS for the current year.
Several brokerages have recently weighed in on CAKE. BTIG Research boosted their price objective on shares of Cheesecake Factory to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. BidaskClub downgraded shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Bank of America reduced their price objective on shares of Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Finally, Barclays restated an “equal weight” rating and set a $47.00 price objective (up previously from $43.00) on shares of Cheesecake Factory in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.18.
A number of hedge funds have recently added to or reduced their stakes in the stock. Elkfork Partners LLC purchased a new stake in Cheesecake Factory in the 4th quarter valued at $267,000. Envestnet Asset Management Inc. raised its position in Cheesecake Factory by 21.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,868 shares of the restaurant operator’s stock worth $1,391,000 after buying an additional 5,081 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Cheesecake Factory during the 4th quarter worth $2,209,000. BB&T Securities LLC raised its position in Cheesecake Factory by 103.5% during the 4th quarter. BB&T Securities LLC now owns 28,392 shares of the restaurant operator’s stock worth $1,367,000 after buying an additional 14,439 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Cheesecake Factory by 2.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,488,457 shares of the restaurant operator’s stock worth $71,714,000 after buying an additional 35,071 shares during the last quarter. Hedge funds and other institutional investors own 97.62% of the company’s stock.
About Cheesecake Factory
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.
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