Cheesecake Factory (NASDAQ:CAKE) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Cheesecake Factory (NASDAQ:CAKE) from a hold rating to a sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

CAKE has been the subject of a number of other reports. BidaskClub cut Cheesecake Factory from a sell rating to a strong sell rating in a report on Friday, March 13th. Telsey Advisory Group lowered their price target on Cheesecake Factory from $50.00 to $45.00 and set a market perform rating for the company in a report on Thursday, February 20th. Guggenheim upgraded Cheesecake Factory from a neutral rating to a buy rating and set a $47.00 price target for the company in a report on Monday, March 2nd. Bank of America lowered their price target on Cheesecake Factory from $45.00 to $43.00 and set a neutral rating for the company in a report on Thursday, February 20th. Finally, UBS Group lowered their price target on Cheesecake Factory from $47.00 to $43.00 and set a neutral rating for the company in a report on Tuesday, February 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $43.38.

Shares of CAKE opened at $19.66 on Monday. Cheesecake Factory has a 52-week low of $14.52 and a 52-week high of $51.15. The company has a market capitalization of $864.16 million, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.65 and a beta of 0.57. The stock has a fifty day simple moving average of $31.90 and a two-hundred day simple moving average of $38.52. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 2.59.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 19th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The company had revenue of $694.03 million during the quarter, compared to analyst estimates of $671.79 million. Cheesecake Factory had a return on equity of 21.28% and a net margin of 5.13%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that Cheesecake Factory will post 2.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Friday, March 6th. Cheesecake Factory’s dividend payout ratio (DPR) is 55.17%.

Institutional investors have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC purchased a new position in Cheesecake Factory during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its holdings in Cheesecake Factory by 180.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 909 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 585 shares during the period. Advisors Preferred LLC purchased a new position in Cheesecake Factory during the 4th quarter valued at about $197,000. Mid Atlantic Financial Management Inc. ADV purchased a new position in Cheesecake Factory during the 4th quarter valued at about $208,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of Cheesecake Factory in the 3rd quarter valued at about $236,000. Institutional investors own 99.42% of the company’s stock.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Analyst Recommendations for Cheesecake Factory (NASDAQ:CAKE)

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