Media headlines about Cheesecake Factory (NASDAQ:CAKE) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cheesecake Factory earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 46.4680895940236 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cheesecake Factory (CAKE) traded up $0.06 during mid-day trading on Monday, hitting $48.18. 832,976 shares of the company’s stock were exchanged, compared to its average volume of 1,055,733. The company has a market cap of $2,210.00, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14.
Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The business had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. sell-side analysts anticipate that Cheesecake Factory will post 2.6 EPS for the current year.
Several analysts recently weighed in on CAKE shares. Nomura cut their price objective on shares of Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Stephens dropped their price target on shares of Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and set a $46.00 price target on shares of Cheesecake Factory in a research report on Friday, November 3rd. Finally, Wells Fargo & Co dropped their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.56.
In other news, VP Debby R. Zurzolo sold 2,306 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total value of $103,193.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Herbert Simon acquired 25,000 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.
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Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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