Cheesecake Factory (NASDAQ:CAKE) Rating Reiterated by Maxim Group

Maxim Group reaffirmed their buy rating on shares of Cheesecake Factory (NASDAQ:CAKE) in a research note released on Tuesday, April 16th, AnalystRatings.com reports. They currently have a $60.00 target price on the restaurant operator’s stock.

Several other brokerages have also recently issued reports on CAKE. BidaskClub cut Cheesecake Factory from a sell rating to a strong sell rating in a research note on Friday, March 22nd. Raymond James upgraded Cheesecake Factory from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. Finally, Bank of America restated a neutral rating and set a $50.00 target price (down from $56.00) on shares of Cheesecake Factory in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $52.67.

NASDAQ CAKE traded up $0.06 during trading on Tuesday, reaching $47.77. 625,130 shares of the company’s stock were exchanged, compared to its average volume of 832,959. Cheesecake Factory has a fifty-two week low of $41.63 and a fifty-two week high of $60.19. The company has a quick ratio of 0.38, a current ratio of 0.35 and a debt-to-equity ratio of 1.78. The company has a market cap of $2.16 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.35.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The company had revenue of $599.48 million for the quarter, compared to the consensus estimate of $603.03 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Cheesecake Factory will post 2.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Thursday, May 16th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.76%. Cheesecake Factory’s payout ratio is 54.32%.

In other Cheesecake Factory news, Director Laurence B. Mindel purchased 1,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $49.64 per share, for a total transaction of $74,460.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cheryl Slomann sold 1,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.36, for a total value of $46,360.00. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 2,626 shares of company stock valued at $127,283. Company insiders own 8.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Cheesecake Factory by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 218,330 shares of the restaurant operator’s stock worth $10,681,000 after purchasing an additional 8,158 shares in the last quarter. GAM Holding AG boosted its position in shares of Cheesecake Factory by 2.4% during the 1st quarter. GAM Holding AG now owns 67,966 shares of the restaurant operator’s stock worth $3,325,000 after purchasing an additional 1,604 shares in the last quarter. NumerixS Investment Technologies Inc boosted its position in shares of Cheesecake Factory by 54.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 6,800 shares of the restaurant operator’s stock worth $330,000 after purchasing an additional 2,400 shares in the last quarter. Swiss National Bank boosted its position in shares of Cheesecake Factory by 2.1% during the 1st quarter. Swiss National Bank now owns 78,500 shares of the restaurant operator’s stock worth $3,840,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cheesecake Factory by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,454,831 shares of the restaurant operator’s stock worth $71,170,000 after purchasing an additional 40,957 shares in the last quarter. 98.26% of the stock is currently owned by institutional investors.

About Cheesecake Factory

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 November 20, 2018, it operated 217 company-owned restaurants, including 201 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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