The price of The Cheesecake Factory Incorporated (NASDAQ:CAKE) shares last traded on Wall Street unchanged to $31.85.
Based on available information, 19 analysts follow 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 $43.00 and a low of $31.00, we find $36.00. Given the previous closing price of $31.85, this indicates a potential upside of 13.03 percent. CAKE stock price is now -8.18% away from the 50-day moving average and -8.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
Among analysts, 11 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $36.73 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 $0.4 million. Insiders disposed of 12,382 shares of company stock worth roughly $0.39 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 HRT FINANCIAL LP during the first quarter worth $2,837,000. TWO SIGMA ADVISERS, LP invested $2,401,000 in shares of CAKE during the first quarter. In the first quarter, WINTON GROUP LTD acquired a new stake in The Cheesecake Factory Incorporated valued at approximately $1,999,000. AXA S.A. acquired a new stake in CAKE for approximately $1,115,000. DELPHI MANAGEMENT INC /MA/ purchased a new stake in CAKE valued at around $993,000 in the second quarter. In total, there are 312 active investors with 91.70% ownership of the company’s stock.
A candlestick chart of The Cheesecake Factory Incorporated (NASDAQ: CAKE) showed a price of $32.12 on Friday morning. 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 1.44, 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 $3.38B, which is based on a 24.18 price-to-earnings ratio, a 0.66 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for CAKE is $34.67 and a two-hundred day moving average price translates $34.87 for the stock.
The latest earnings results from The Cheesecake Factory Incorporated (NASDAQ: CAKE) was released for Jul, 2023. According to the Restaurants Company, earnings per share came in at $0.88, beating analysts’ expectations of $0.82 by 0.06. This compares to $0.50 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 21.00% for CAKE. The company reported revenue of $866.17 million for the quarter, compared to $832.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.03 percent. For the current quarter, analysts expect CAKE to generate $844.63M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/29/4023. Investors who held shares on 08/16/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 3.39% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, CAKE is presently at 80.60%.
The Cheesecake Factory Incorporated(CAKE) Company Profile
The Cheesecake Factory Incorporated engages in restaurant business. The company 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. It also operates restaurants in the United States and Canada under brands comprising The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as The Cheesecake Factory restaurants under licensing agreements internationally. The company was founded in 1972 and is headquartered in Calabasas, California.
