Analysts Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) Target Price at $41.67

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.67.

A number of brokerages have recently issued reports on CAKE. Stephens restated an “overweight” rating and set a $50.00 price objective on shares of Cheesecake Factory in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target on Cheesecake Factory from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price objective on Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Barclays boosted their target price on shares of Cheesecake Factory from $35.00 to $38.00 and gave the company an “underweight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, October 4th.

Cheesecake Factory Stock Up 2.9 %

CAKE opened at $43.25 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $39.76 and its 200 day simple moving average is $38.23. Cheesecake Factory has a 1-year low of $29.27 and a 1-year high of $43.51. The stock has a market cap of $2.20 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company had revenue of $904.04 million during the quarter, compared to analysts’ expectations of $909.19 million. During the same quarter last year, the company posted $0.88 EPS. Cheesecake Factory’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Cheesecake Factory will post 3.21 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 annualized dividend and a yield of 2.50%. Cheesecake Factory’s dividend payout ratio is currently 49.54%.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Cheesecake Factory by 2,360.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after buying an additional 661 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cheesecake Factory by 276.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 1,064 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Cheesecake Factory during the 2nd quarter valued at approximately $67,000. SG Americas Securities LLC acquired a new position in Cheesecake Factory during the 1st quarter worth approximately $121,000. Finally, Wealth Alliance bought a new position in Cheesecake Factory in the 2nd quarter valued at approximately $213,000. 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.