Cheesecake Factory (NASDAQ:CAKE) Given New $57.00 Price Target at Robert W. Baird

Cheesecake Factory (NASDAQ:CAKEFree Report) had its price target boosted by Robert W. Baird from $52.00 to $57.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

CAKE has been the topic of a number of other research reports. StockNews.com lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Bank of America upped their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays upped their target price on shares of Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Stephens upped their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cheesecake Factory currently has a consensus rating of “Hold” and a consensus price target of $52.19.

View Our Latest Analysis on CAKE

Cheesecake Factory Price Performance

CAKE stock opened at $54.97 on Thursday. 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 company’s 50-day moving average is $51.06 and its 200-day moving average is $45.31. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. Cheesecake Factory has a 1 year low of $33.05 and a 1 year high of $57.32.

Cheesecake Factory (NASDAQ:CAKEGet Free Report) last released its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $920.96 million for the quarter, compared to analysts’ expectations of $912.67 million. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. Equities research analysts expect that Cheesecake Factory will post 3.32 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

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

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Cheesecake Factory during the 3rd quarter worth approximately $973,000. Principal Financial Group Inc. increased its stake in shares of Cheesecake Factory by 9.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,595 shares of the restaurant operator’s stock worth $10,364,000 after purchasing an additional 22,416 shares during the last quarter. New Century Financial Group LLC purchased a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $1,142,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cheesecake Factory during the 4th quarter worth approximately $270,000. Finally, Victory Capital Management Inc. increased its stake in shares of Cheesecake Factory by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after purchasing an additional 99,341 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Company Profile

(Get Free Report)

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.

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