Cheesecake Factory (CAKE) Downgraded by TheStreet

TheStreet downgraded shares of Cheesecake Factory (NASDAQ:CAKE) from a b rating to a c+ rating in a research note released on Tuesday.

A number of other equities research analysts also recently commented on the company. UBS Group downgraded Cheesecake Factory from a buy rating to a neutral rating in a research report on Monday, October 15th. BidaskClub downgraded Cheesecake Factory from a buy rating to a hold rating in a research report on Thursday, September 13th. Jefferies Financial Group reaffirmed a hold rating and issued a $50.00 price objective on shares of Cheesecake Factory in a research report on Wednesday, August 1st. Robert W. Baird lifted their price objective on Cheesecake Factory from $55.00 to $58.00 and gave the company a neutral rating in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded Cheesecake Factory from a buy rating to a hold rating in a research report on Thursday, August 2nd. Eighteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $52.13.

Cheesecake Factory stock opened at $48.59 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.40 and a beta of 0.24. Cheesecake Factory has a fifty-two week low of $41.50 and a fifty-two week high of $60.19.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $580.88 million during the quarter, compared to the consensus estimate of $585.44 million. Cheesecake Factory had a return on equity of 18.07% and a net margin of 6.02%. Cheesecake Factory’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. On average, research analysts anticipate that Cheesecake Factory will post 2.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Wednesday, November 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 50.77%.

In other Cheesecake Factory news, insider Cheryl Slomann sold 1,005 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $52.94, for a total transaction of $53,204.70. Following the completion of the sale, the insider now owns 12,106 shares of the company’s stock, valued at $640,891.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edie A. Ames purchased 500 shares of the stock in a transaction on Wednesday, August 22nd. The shares were purchased at an average cost of $52.83 per share, with a total value of $26,415.00. Following the transaction, the director now owns 1,430 shares of the company’s stock, valued at approximately $75,546.90. The disclosure for this purchase can be found here. 8.80% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in Cheesecake Factory by 6.1% during the third quarter. Victory Capital Management Inc. now owns 18,582 shares of the restaurant operator’s stock valued at $995,000 after acquiring an additional 1,069 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Cheesecake Factory during the third quarter valued at about $1,419,000. Capital Impact Advisors LLC grew its position in Cheesecake Factory by 7.3% during the third quarter. Capital Impact Advisors LLC now owns 37,118 shares of the restaurant operator’s stock valued at $1,991,000 after acquiring an additional 2,539 shares during the period. Scout Investments Inc. grew its position in Cheesecake Factory by 2.2% during the third quarter. Scout Investments Inc. now owns 71,390 shares of the restaurant operator’s stock valued at $3,822,000 after acquiring an additional 1,507 shares during the period. Finally, Northern Trust Corp grew its position in Cheesecake Factory by 0.7% during the second quarter. Northern Trust Corp now owns 838,782 shares of the restaurant operator’s stock valued at $46,183,000 after acquiring an additional 6,152 shares during the period.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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