Research Analysts’ Weekly Ratings Changes for Cheesecake Factory (CAKE)

Several brokerages have updated their recommendations and price targets on shares of Cheesecake Factory (NASDAQ: CAKE) in the last few weeks:

• 11/12/2024 – Cheesecake Factory was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/8/2024 – Cheesecake Factory had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $52.00 price target on the stock.
• 11/4/2024 – Cheesecake Factory was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Barclays PLC from $38.00 to $44.00. They now have an “underweight” rating on the stock.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Stephens from $50.00 to $51.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Wedbush from $48.00 to $52.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Bank of America Co. from $47.00 to $49.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Robert W. Baird from $40.00 to $47.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Cheesecake Factory had its price target raised by analysts at Wells Fargo & Company from $38.00 to $45.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Cheesecake Factory had its price target raised by analysts at UBS Group AG from $32.00 to $36.00. They now have a “sell” rating on the stock.
• 10/22/2024 – Cheesecake Factory had its price target raised by analysts at Barclays PLC from $35.00 to $38.00. They now have an “underweight” rating on the stock.
• 10/22/2024 – Cheesecake Factory had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $50.00 price target on the stock.
• 10/22/2024 – Cheesecake Factory had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $45.00 price target on the stock.
• 10/22/2024 – Cheesecake Factory had its price target raised by analysts at Bank of America Co. from $45.00 to $47.00. They now have a “neutral” rating on the stock.
• 10/4/2024 – Cheesecake Factory had its price target raised by analysts at Citigroup Inc. from $46.00 to $51.00. They now have a “buy” rating on the stock.

Cheesecake Factory Stock Up 1.2 %

Shares of CAKE opened at $48.32 on Thursday. The Cheesecake Factory Incorporated has a 52-week low of $30.96 and a 52-week high of $50.75. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $41.51 and a two-hundred day simple moving average of $39.24. The company has a market capitalization of $2.47 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Cheesecake Factory’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that The Cheesecake Factory Incorporated will post 3.3 EPS for the current year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 annualized dividend and a yield of 2.24%. Cheesecake Factory’s payout ratio is 41.06%.

Insiders Place Their Bets

In other news, insider Keith Carango sold 13,095 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total value of $653,178.60. Following the transaction, the insider now owns 14,977 shares of the company’s stock, valued at $747,052.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Cheesecake Factory

A number of institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA acquired a new stake in shares of Cheesecake Factory during the third quarter valued at about $223,000. Charles Schwab Investment Management Inc. increased its position in shares of Cheesecake Factory by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 597,901 shares of the restaurant operator’s stock valued at $24,245,000 after acquiring an additional 6,872 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Cheesecake Factory during the third quarter valued at about $723,000. Pathstone Holdings LLC increased its position in shares of Cheesecake Factory by 0.9% during the third quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock valued at $1,522,000 after acquiring an additional 329 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of Cheesecake Factory by 75.2% during the third quarter. Aviance Capital Partners LLC now owns 17,044 shares of the restaurant operator’s stock valued at $691,000 after acquiring an additional 7,317 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

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.