The Cheesecake Factory Incorporated (NASDAQ:CAKE) Stock Has Consensus Target Price of $85.47 According to Analysts

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $85.47.

A number of research firms have recently issued reports on CAKE. Mizuho upped their target price on shares of Cheesecake Factory from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Cheesecake Factory from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Oppenheimer boosted their price target on shares of Cheesecake Factory from $91.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Cheesecake Factory from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 15th. Finally, Robert W. Baird upgraded shares of Cheesecake Factory to a “hold” rating in a report on Monday, August 24th.

Insider Activity

In other Cheesecake Factory news, Chairman David Overton sold 94,145 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $106.27, for a total transaction of $10,004,789.15. Following the transaction, the chairman owned 89,805 shares of the company’s stock, valued at approximately $9,543,577.35. The trade was a 51.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Hanscom sold 3,500 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $100.00, for a total value of $350,000.00. Following the completion of the sale, the insider owned 7,541 shares of the company’s stock, valued at approximately $754,100. The trade was a 31.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 213,749 shares of company stock valued at $22,301,899 in the last 90 days. 8.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Cheesecake Factory in the 2nd quarter valued at about $38,020,000. Bamco Inc. NY acquired a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $35,793,000. PDT Partners LLC acquired a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $13,743,000. Palisade Capital Management LP acquired a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $10,014,000. Finally, Legal & General Group Plc purchased a new stake in shares of Cheesecake Factory during the 2nd quarter valued at approximately $8,396,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $109.65 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.59 and a quick ratio of 0.52. The stock’s 50 day simple moving average is $105.81 and its 200-day simple moving average is $80.61. The company has a market cap of $5.46 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. Cheesecake Factory has a 1-year low of $43.07 and a 1-year high of $118.46.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.18 by $0.26. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $999.54 million. Cheesecake Factory had a return on equity of 43.97% and a net margin of 4.61%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, equities research analysts anticipate that Cheesecake Factory will post 4.53 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 11th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 32.52%.

Cheesecake Factory Company Profile

Cheesecake Factory Incorporated (NASDAQ: CAKE) operates full-service restaurants known for extensive menus, generous portions and a broad selection of cheesecakes and other desserts. Its flagship brand, The Cheesecake Factory, serves American cuisine influenced by international flavors, including appetizers, salads, pastas, seafood, steaks, burgers and specialty beverages.

The company also operates restaurants under the North Italia brand, which specializes in modern Italian cuisine, and owns Fox Restaurant Concepts, a collection of restaurant brands with varied culinary themes.