The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $34.82 Average PT from Analysts

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) have received a consensus rating of "Hold" from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $34.82.

Several brokerages have weighed in on CAKE. Oppenheimer reaffirmed a "market perform" rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Barclays upped their target price on Cheesecake Factory from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, February 22nd. Piper Sandler upped their target price on Cheesecake Factory from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lowered Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a report on Tuesday, January 23rd. Finally, Wedbush reissued an "outperform" rating and set a $40.00 price objective on shares of Cheesecake Factory in a report on Thursday, February 22nd.

Cheesecake Factory Stock Down 0.2 %

Cheesecake Factory stock traded down $0.08 during mid-day trading on Tuesday, hitting $34.42. The company's stock had a trading volume of 688,361 shares, compared to its average volume of 829,795. The firm's 50 day moving average is $35.42 and its 200 day moving average is $33.35. The company has a market cap of $1.76 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. Cheesecake Factory has a 52-week low of $28.58 and a 52-week high of $38.19.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $877.00 million during the quarter, compared to the consensus estimate of $876.17 million. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. On average, analysts anticipate that Cheesecake Factory will post 3.08 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, March 6th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory's dividend payout ratio (DPR) is currently 52.43%.

Institutional Trading of Cheesecake Factory

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAKE. Schonfeld Strategic Advisors LLC lifted its position in shares of Cheesecake Factory by 0.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,188 shares of the restaurant operator's stock worth $1,052,000 after acquiring an additional 291 shares during the period. 1492 Capital Management LLC lifted its position in shares of Cheesecake Factory by 0.9% during the 4th quarter. 1492 Capital Management LLC now owns 32,015 shares of the restaurant operator's stock worth $1,121,000 after buying an additional 293 shares during the period. American International Group Inc. lifted its position in shares of Cheesecake Factory by 1.2% during the 2nd quarter. American International Group Inc. now owns 26,913 shares of the restaurant operator's stock worth $711,000 after buying an additional 328 shares during the period. Swiss National Bank lifted its position in shares of Cheesecake Factory by 0.4% during the 3rd quarter. Swiss National Bank now owns 107,200 shares of the restaurant operator's stock worth $3,248,000 after buying an additional 400 shares during the period. Finally, Simplicity Solutions LLC lifted its position in shares of Cheesecake Factory by 3.4% during the 3rd quarter. Simplicity Solutions LLC now owns 13,081 shares of the restaurant operator's stock worth $396,000 after buying an additional 436 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.