Cheesecake Factory (NASDAQ:CAKE) Price Target Cut to $37.00 by Analysts at Credit Suisse Group

Cheesecake Factory (NASDAQ:CAKEGet Rating) had its target price lowered by Credit Suisse Group from $48.00 to $37.00 in a research note issued to investors on Thursday morning, The Fly reports. Credit Suisse Group currently has a maintains rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com started coverage on Cheesecake Factory in a research note on Thursday, March 31st. They issued a hold rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target on Cheesecake Factory from $43.00 to $35.00 and set a hold rating for the company in a research note on Tuesday, July 5th. UBS Group decreased their price target on Cheesecake Factory from $42.00 to $30.00 and set a neutral rating for the company in a research note on Tuesday, July 26th. Piper Sandler decreased their price target on Cheesecake Factory from $38.00 to $30.00 and set a neutral rating for the company in a research note on Monday, July 11th. Finally, Barclays decreased their target price on Cheesecake Factory from $39.00 to $32.00 and set an underweight rating for the company in a research note on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $41.38.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $29.23 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $1.54 billion, a PE ratio of 19.49, a P/E/G ratio of 1.15 and a beta of 1.45. Cheesecake Factory has a 12 month low of $26.05 and a 12 month high of $51.19. The stock has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $34.41.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last posted its earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.27). The firm had revenue of $832.60 million during the quarter, compared to the consensus estimate of $836.64 million. Cheesecake Factory had a net margin of 2.96% and a return on equity of 38.98%. Cheesecake Factory’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. Analysts expect that Cheesecake Factory will post 2.74 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Wednesday, August 10th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $1.08 dividend on an annualized basis and a yield of 3.69%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 72.00%.

Institutional Investors Weigh In On Cheesecake Factory

Hedge funds have recently added to or reduced their stakes in the company. Tcwp LLC acquired a new stake in Cheesecake Factory in the first quarter valued at approximately $43,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Cheesecake Factory by 271.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurant operator’s stock valued at $74,000 after acquiring an additional 1,376 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Cheesecake Factory by 996.6% in the first quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 2,362 shares in the last quarter. KBC Group NV bought a new position in shares of Cheesecake Factory in the second quarter valued at approximately $111,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Cheesecake Factory in the second quarter valued at approximately $121,000. Institutional investors and hedge funds own 87.42% of the company’s stock.

Cheesecake Factory Company Profile

(Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

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