The Cheesecake Factory Incorporated (NASDAQ:CAKE) Stock Has Consensus Price Target of $95.47 According to Brokerages

The Cheesecake Factory Incorporated (NASDAQ:CAKE) has received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $95.47.

CAKE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Cheesecake Factory from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. Stephens restated an “equal weight” rating and set a $100.00 target price on shares of Cheesecake Factory in a report on Wednesday, October 28th. Freedom Capital raised Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. UBS Group boosted their price target on Cheesecake Factory from $60.00 to $80.00 and gave the stock a “sell” rating in a research report on Friday, October 23rd. Finally, Robert W. Baird upped their price target on Cheesecake Factory from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd.

Insider Buying and Selling

In other Cheesecake Factory news, EVP Scarlett May sold 2,939 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $114.12, for a total transaction of $335,398.68. Following the completion of the sale, the executive vice president owned 15,302 shares of the company’s stock, valued at $1,746,264.24. This represents a 16.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Clark sold 23,832 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $113.31, for a total value of $2,700,403.92. Following the transaction, the chief financial officer owned 45,109 shares in the company, valued at approximately $5,111,300.79. This trade represents a 34.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,154 shares of company stock valued at $3,298,256 in the last quarter. Company insiders own 8.00% of the company’s stock.

Institutional Trading of Cheesecake Factory

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Cheesecake Factory by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,242,143 shares of the restaurant operator’s stock valued at $68,008,000 after buying an additional 29,037 shares during the last quarter. Fisher Asset Management LLC lifted its position in Cheesecake Factory by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 482,442 shares of the restaurant operator’s stock worth $50,772,000 after acquiring an additional 13,970 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Cheesecake Factory during the 2nd quarter worth $38,020,000. Bamco Inc. NY acquired a new position in Cheesecake Factory during the 2nd quarter worth $35,793,000. Finally, Public Sector Pension Investment Board boosted its holdings in Cheesecake Factory by 85.4% during the third quarter. Public Sector Pension Investment Board now owns 291,201 shares of the restaurant operator’s stock valued at $32,920,000 after acquiring an additional 134,137 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Stock Up 2.7%

Shares of CAKE traded up $2.91 during mid-day trading on Friday, hitting $109.11. 926,102 shares of the company’s stock were exchanged, compared to its average volume of 1,574,188. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.53 and a beta of 1.14. The firm has a fifty day moving average of $107.79 and a two-hundred day moving average of $82.23. Cheesecake Factory has a twelve month low of $43.07 and a twelve month high of $118.63.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, October 27th. The restaurant operator reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Cheesecake Factory had a net margin of 5.20% and a return on equity of 44.53%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.66 EPS. Cheesecake Factory’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts predict that Cheesecake Factory will post 4.71 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 28.44%.

About Cheesecake Factory

The Cheesecake Factory Incorporated (NASDAQ: CAKE) is a restaurant company that operates and licenses restaurants under several brands. Its portfolio includes The Cheesecake Factory, North Italia and restaurants developed by Fox Restaurant Concepts, such as Flower Child and Culinary Dropout. The company’s restaurants serve a range of dishes, including appetizers, entrees and desserts. Its bakery division produces cheesecakes and other baked goods for its restaurants and for foodservice and retail customers.