Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $45.00

Cheesecake Factory (NASDAQ:CAKE) had its target price boosted by UBS Group from $41.00 to $45.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a sell rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the stock. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Cheesecake Factory in a research note on Thursday. StockNews.com lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Jefferies Financial Group raised their price target on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler raised their target price on shares of Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.19.

Cheesecake Factory Price Performance

NASDAQ:CAKE opened at $54.97 on Thursday. Cheesecake Factory has a 52 week low of $33.05 and a 52 week high of $57.32. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. The stock’s 50-day moving average price is $51.06 and its 200-day moving average price is $45.31.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. As a group, equities analysts expect that Cheesecake Factory will post 3.32 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.96%. Cheesecake Factory’s dividend payout ratio is currently 41.06%.

Institutional Trading of Cheesecake Factory

A number of hedge funds and other institutional investors have recently made changes to their positions in CAKE. Lido Advisors LLC increased its holdings in Cheesecake Factory by 2.0% in the 4th quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator’s stock valued at $513,000 after purchasing an additional 215 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Cheesecake Factory by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator’s stock valued at $240,000 after purchasing an additional 228 shares during the last quarter. Truist Financial Corp increased its holdings in Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 257 shares during the last quarter. Blair William & Co. IL increased its holdings in Cheesecake Factory by 5.2% in the 4th quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator’s stock valued at $274,000 after purchasing an additional 283 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Cheesecake Factory by 108.1% in the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.