Cheesecake Factory (NASDAQ:CAKE) Coverage Initiated by Analysts at Stephens

Stephens initiated coverage on shares of Cheesecake Factory (NASDAQ:CAKEGet Rating) in a research note published on Thursday morning, The Fly reports. The firm issued an overweight rating on the restaurant operator’s stock.

A number of other research firms also recently weighed in on CAKE. Piper Sandler reduced their target price on shares of Cheesecake Factory from $38.00 to $30.00 and set a neutral rating on the stock in a research report on Monday, July 11th. Citigroup upped their target price on shares of Cheesecake Factory from $39.00 to $40.00 in a research report on Thursday, July 28th. Morgan Stanley reduced their target price on shares of Cheesecake Factory from $37.00 to $26.00 and set an underweight rating on the stock in a research report on Monday, July 18th. UBS Group reduced their target price on shares of Cheesecake Factory from $42.00 to $30.00 and set a neutral rating on the stock in a research report on Tuesday, July 26th. Finally, Barclays reduced their target price on shares of Cheesecake Factory from $32.00 to $28.00 and set an underweight rating on the stock in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $42.83.

Cheesecake Factory Stock Down 7.1 %

Shares of NASDAQ CAKE opened at $29.14 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. Cheesecake Factory has a 12 month low of $26.05 and a 12 month high of $51.19. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.40. The firm has a fifty day simple moving average of $31.02 and a two-hundred day simple moving average of $32.59.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The restaurant operator reported $0.52 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.27). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The company had revenue of $832.60 million during the quarter, compared to the consensus estimate of $836.64 million. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts expect that Cheesecake Factory will post 2.04 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Wednesday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Tuesday, August 9th. Cheesecake Factory’s dividend payout ratio (DPR) is 66.26%.

Institutional Trading of Cheesecake Factory

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Cheesecake Factory by 2,369.2% during the 2nd quarter. Millennium Management LLC now owns 905,116 shares of the restaurant operator’s stock valued at $23,913,000 after acquiring an additional 868,460 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Cheesecake Factory by 32.5% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,816,789 shares of the restaurant operator’s stock valued at $72,290,000 after acquiring an additional 445,208 shares during the period. Samlyn Capital LLC bought a new position in Cheesecake Factory during the 2nd quarter valued at about $10,018,000. Cubist Systematic Strategies LLC lifted its stake in Cheesecake Factory by 411.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 378,692 shares of the restaurant operator’s stock valued at $10,005,000 after acquiring an additional 304,683 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new position in Cheesecake Factory during the 1st quarter valued at about $10,360,000. 84.62% of the stock is owned by hedge funds and other institutional investors.

About Cheesecake Factory

(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.

Recommended Stories

The Fly logo

Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.