Brokerages Set The Cheesecake Factory Incorporated (NASDAQ:CAKE) Target Price at $44.75

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $44.75.

CAKE has been the topic of a number of research reports. Citigroup raised their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Wells Fargo & Company increased their price target on Cheesecake Factory from $38.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Stephens upped their target price on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price target on Cheesecake Factory from $38.00 to $44.00 and gave the stock an "underweight" rating in a report on Wednesday, October 30th.

Insider Activity

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total value of $653,178.60. Following the completion of the sale, the insider now directly owns 14,977 shares of the company's stock, valued at approximately $747,052.76. The trade was a 46.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Cheesecake Factory

A number of institutional investors and hedge funds have recently modified their holdings of CAKE. Pathstone Holdings LLC grew its stake in Cheesecake Factory by 0.9% in the 3rd quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator's stock worth $1,522,000 after buying an additional 329 shares in the last quarter. Arizona State Retirement System increased its holdings in Cheesecake Factory by 2.5% during the second quarter. Arizona State Retirement System now owns 13,593 shares of the restaurant operator's stock valued at $534,000 after buying an additional 337 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cheesecake Factory by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the restaurant operator's stock valued at $927,000 after purchasing an additional 500 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Cheesecake Factory by 2.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator's stock worth $937,000 after buying an additional 532 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Cheesecake Factory by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 9,608 shares of the restaurant operator's stock worth $347,000 after purchasing an additional 537 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Stock Up 0.1 %

Shares of NASDAQ CAKE traded up $0.06 during midday trading on Wednesday, hitting $46.63. 705,220 shares of the company's stock were exchanged, compared to its average volume of 970,577. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. Cheesecake Factory has a twelve month low of $30.96 and a twelve month high of $50.75. The company has a market cap of $2.38 billion, a PE ratio of 17.73, a P/E/G ratio of 1.32 and a beta of 1.47. The firm's fifty day simple moving average is $42.54 and its 200-day simple moving average is $39.70.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The firm had revenue of $865.50 million for the quarter, compared to analyst estimates of $866.13 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Cheesecake Factory's quarterly revenue was up 4.3% on a year-over-year basis. Research analysts predict that Cheesecake Factory will post 3.3 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.08 annualized dividend and a dividend yield of 2.32%. Cheesecake Factory's dividend payout ratio is 41.06%.

Cheesecake Factory Company Profile

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.