The Cheesecake Factory Incorporated (NASDAQ:CAKE) shares traded 2.02% higher at $32.35 on Wall Street last session.
In accordance with the data, 19 analysts cover The Cheesecake Factory Incorporated (NASDAQ:CAKE). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $26.00, we find $35.00. Given the previous closing price of $31.71, this indicates a potential upside of 10.38 percent. CAKE stock price is now -4.53% away from the 50-day moving average and -0.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.67B.
It has been rated a hold by 8 analysts and a buy by 7. Brokers who have rated the stock have averaged $34.47 as their price target over the next twelve months.
With the price target reduced from $35 to $29, Goldman Downgraded its rating from Neutral to Sell for The Cheesecake Factory Incorporated (NASDAQ: CAKE). On December 02, 2022, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $37 to quote $35, while ‘Stephens’ rates the stock as ‘Overweight’.
In other news, Ames Edie A, Director bought 4,000 shares of the company’s stock on Dec 08. The stock was bought for $129,015 at an average price of $32.25. Upon completion of the transaction, the Director now directly owns 12,500 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director PITTAWAY DAVID BRUCE bought 500 shares of the business’s stock. A total of $17,255 was incurred on buying the stock at an average price of $34.51. This leaves the insider owning 15,101 shares of the company worth $0.49 million. Insiders disposed of 28,803 shares of company stock worth roughly $0.93 million over the past 1 year. A total of 7.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CAKE stock. A new stake in The Cheesecake Factory Incorporated shares was purchased by WESTFIELD CAPITAL MANAGEMENT CO LP during the first quarter worth $61,849,000. SOLAS CAPITAL MANAGEMENT, LLC invested $9,090,000 in shares of CAKE during the first quarter. In the first quarter, TABOR ASSET MANAGEMENT, LP acquired a new stake in The Cheesecake Factory Incorporated valued at approximately $3,311,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in CAKE for approximately $3,293,000. BROOKFIELD CORP /ON/ purchased a new stake in CAKE valued at around $2,399,000 in the second quarter. In total, there are 312 active investors with 91.70% ownership of the company’s stock.
The Cheesecake Factory Incorporated (NASDAQ: CAKE) opened at $32.30 on Tuesday. During the past 12 months, The Cheesecake Factory Incorporated has had a low of $26.05 and a high of $44.65. As of last week, the company has a debt-to-equity ratio of 1.45, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for CAKE is $33.88 and a two-hundred day moving average price translates $32.65 for the stock.
The latest earnings results from The Cheesecake Factory Incorporated (NASDAQ: CAKE) was released for Jun, 2022. According to the Restaurants Company, earnings per share came in at $0.52, missing analysts’ expectations of $0.77 by -0.25. This compares to $0.64 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 14.50% for CAKE. The company reported revenue of $784.0 million for the quarter, compared to $754.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.91 percent. For the current quarter, analysts expect CAKE to generate $799.38M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/28/2022. Investors who held shares on 11/15/2022 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 3.34% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend. In terms of dividend payout ratio, CAKE is presently at 54.70%.
The Cheesecake Factory Incorporated(CAKE) Company Profile
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. As of October 27, 2022, the company owned and operated 312 restaurants in the United States and Canada under brands, including The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.