In yesterday’s Wall Street session, The Cheesecake Factory Incorporated (NASDAQ:CAKE) shares traded at $36.51, up 1.42% from the previous session.
19 analysts cover The Cheesecake Factory Incorporated (NASDAQ:CAKE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $47.00 and a low of $30.00, we find $36.00. CAKE stock price is now 6.03% away from the 50-day moving average and 4.66% away from the 200-day moving average. The market capitalization of the company currently stands at $1.86B.
The stock has received a hold rating from 11 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $36.86 as their price target over the next twelve months.
With the price target of $36, Piper Sandler recently initiated with Neutral rating for The Cheesecake Factory Incorporated (NASDAQ: CAKE).
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 $0.46 million. Insiders disposed of 12,382 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 6.97% 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 CROWN ADVISORS MANAGEMENT, INC. during the first quarter worth $1,826,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $1,612,000 in shares of CAKE during the first quarter. In the first quarter, CAPTRUST FINANCIAL ADVISORS acquired a new stake in The Cheesecake Factory Incorporated valued at approximately $1,525,000. WOODLINE PARTNERS LP acquired a new stake in CAKE for approximately $1,371,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in CAKE valued at around $1,212,000 in the second quarter.
On Wednesday morning The Cheesecake Factory Incorporated (NASDAQ: CAKE) stock kicked off with the opening price of $35.52. During the past 12 months, The Cheesecake Factory Incorporated has had a low of $27.91 and a high of $41.28. As of last week, the company has a debt-to-equity ratio of 1.56, a current ratio of 0.50, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $3.56B, which is based on a 38.35 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for CAKE is $34.47 and a two-hundred day moving average price translates $34.90 for the stock.
According to the Restaurants Company, earnings per share came in at $0.61, beating analysts’ expectations of $0.59 by 0.02. This compares to $0.45 EPS in the same period last year. The net profit margin was 1.40% and return on equity was 15.00% for CAKE. The company reported revenue of $866.11 million for the quarter, compared to $793.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.12 percent. For the current quarter, analysts expect CAKE to generate $685.56M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/24/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 2.96% percent yield. There was an ex-dividend date of 05/23/2023 for this dividend. In terms of dividend payout ratio, CAKE is presently at 111.40%.
