Cheesecake Factory’s (CAKE) “Overweight” Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Cheesecake Factory (NASDAQ:CAKE) in a research report report published on Friday morning, Marketbeat reports. The firm currently has a $44.00 price objective on the restaurant operator’s stock.

A number of other research firms have also recently commented on CAKE. Barclays increased their price target on Cheesecake Factory from $32.00 to $33.00 and gave the company an underweight rating in a research note on Thursday, February 22nd. Piper Sandler increased their price objective on Cheesecake Factory from $33.00 to $37.00 and gave the company a neutral rating in a report on Thursday, February 22nd. Oppenheimer reissued a market perform rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Wedbush reissued an outperform rating and issued a $40.00 price objective on shares of Cheesecake Factory in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered Cheesecake Factory from a neutral rating to an underweight rating and set a $33.00 price objective on the stock. in a report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $35.64.

Cheesecake Factory Trading Down 1.2 %

Shares of NASDAQ CAKE opened at $33.45 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.46 and a quick ratio of 0.37. The stock has a market capitalization of $1.71 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.48. Cheesecake Factory has a 1-year low of $28.58 and a 1-year high of $38.19. The business has a fifty day moving average price of $35.34 and a 200 day moving average price of $33.39.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $876.17 million. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Equities research analysts expect that Cheesecake Factory will post 3.08 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were given a $0.27 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 3.23%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 52.43%.

Hedge Funds Weigh In On Cheesecake Factory

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its position in shares of Cheesecake Factory by 0.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 33,188 shares of the restaurant operator’s stock valued at $1,052,000 after acquiring an additional 291 shares in the last quarter. 1492 Capital Management LLC lifted its position in shares of Cheesecake Factory by 0.9% in the fourth quarter. 1492 Capital Management LLC now owns 32,015 shares of the restaurant operator’s stock valued at $1,121,000 after acquiring an additional 293 shares in the last quarter. American International Group Inc. lifted its position in Cheesecake Factory by 1.2% during the second quarter. American International Group Inc. now owns 26,913 shares of the restaurant operator’s stock worth $711,000 after buying an additional 328 shares in the last quarter. Swiss National Bank lifted its position in Cheesecake Factory by 0.4% during the third quarter. Swiss National Bank now owns 107,200 shares of the restaurant operator’s stock worth $3,248,000 after buying an additional 400 shares in the last quarter. Finally, Simplicity Solutions LLC lifted its position in Cheesecake Factory by 3.4% during the third quarter. Simplicity Solutions LLC now owns 13,081 shares of the restaurant operator’s stock worth $396,000 after buying an additional 436 shares in the last quarter. Hedge funds and other 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.