The Cheesecake Factory Incorporated (NASDAQ:CAKE) Receives $52.19 Consensus PT from Brokerages

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) have been given an average recommendation of "Hold" by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $52.19.

CAKE has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a "sell" rating in a report on Thursday, February 20th. Stephens reiterated an "overweight" rating and issued a $60.00 target price on shares of Cheesecake Factory in a report on Thursday, February 20th. Robert W. Baird increased their price target on Cheesecake Factory from $52.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company increased their target price on shares of Cheesecake Factory from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th.

Cheesecake Factory Price Performance

NASDAQ CAKE traded down $1.71 on Friday, reaching $48.22. The company had a trading volume of 1,457,423 shares, compared to its average volume of 1,649,434. 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 market capitalization of $2.49 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The firm's 50 day moving average price is $51.78 and its 200 day moving average price is $46.46. Cheesecake Factory has a 12 month low of $33.05 and a 12 month high of $57.32.

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Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.13. The company had revenue of $920.96 million for the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. As a group, equities analysts predict that Cheesecake Factory will post 3.71 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.24%. Cheesecake Factory's dividend payout ratio (DPR) is currently 33.75%.

Insider Buying and Selling

In related news, Chairman David Overton sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $53.08, for a total value of $5,308,000.00. Following the transaction, the chairman now owns 3,092,147 shares of the company's stock, valued at $164,131,162.76. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Eliot Clark sold 29,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $53.56, for a total value of $1,553,240.00. Following the sale, the chief financial officer now directly owns 39,856 shares in the company, valued at $2,134,687.36. This trade represents a 42.12 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Institutional Trading of Cheesecake Factory

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC boosted its position in Cheesecake Factory by 2.0% during the 4th quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator's stock valued at $513,000 after acquiring an additional 215 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Cheesecake Factory by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator's stock valued at $240,000 after acquiring an additional 228 shares in the last quarter. Truist Financial Corp boosted its position in Cheesecake Factory by 3.3% during the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator's stock valued at $382,000 after acquiring an additional 257 shares in the last quarter. Blair William & Co. IL boosted its position in Cheesecake Factory by 5.2% during the 4th quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator's stock valued at $274,000 after acquiring an additional 283 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 94.48% of the company's stock.

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.