The Cheesecake Factory Incorporated (NASDAQ:CAKE) Rating Reiterated by Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) in a report published on Friday, September 8th. Robert W. Baird currently has a $49.00 target price on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Barclays PLC reissued an equal weight rating and set a $48.00 target price (down from $53.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Telsey Advisory Group lowered their target price on shares of The Cheesecake Factory from $66.00 to $62.00 and set an outperform rating on the stock in a research note on Wednesday, June 14th. Stephens reissued an equal weight rating and set a $48.00 target price (down from $55.00) on shares of The Cheesecake Factory in a research note on Wednesday, August 9th. Canaccord Genuity reissued a hold rating and set a $60.00 target price on shares of The Cheesecake Factory in a research note on Friday, June 16th. Finally, Nomura assumed coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a neutral rating and a $50.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $54.44.

Shares of The Cheesecake Factory (NASDAQ CAKE) opened at 40.75 on Friday. The Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14. The stock’s 50 day moving average price is $42.74 and its 200-day moving average price is $54.25. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.25 and a beta of 0.34.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts predict that The Cheesecake Factory will post $2.66 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, August 14th. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is 40.70%.

A number of institutional investors have recently bought and sold shares of CAKE. Bank of Montreal Can increased its holdings in The Cheesecake Factory by 14.7% in the 1st quarter. Bank of Montreal Can now owns 5,128 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 659 shares during the last quarter. Retirement Systems of Alabama boosted its position in The Cheesecake Factory by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 57,300 shares of the restaurant operator’s stock valued at $3,631,000 after buying an additional 339 shares during the period. Profund Advisors LLC boosted its position in The Cheesecake Factory by 3.7% in the 1st quarter. Profund Advisors LLC now owns 8,231 shares of the restaurant operator’s stock valued at $522,000 after buying an additional 296 shares during the period. Oregon Public Employees Retirement Fund boosted its position in The Cheesecake Factory by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,631 shares of the restaurant operator’s stock valued at $990,000 after buying an additional 200 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in The Cheesecake Factory by 5.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 26,829 shares of the restaurant operator’s stock valued at $1,699,000 after buying an additional 1,321 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

The 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.

Analyst Recommendations for The Cheesecake Factory (NASDAQ:CAKE)

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