The Wedbush Begins Coverage on The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Xavier Trudeau
Августа 13, 2017

Accern also gave media headlines about the restaurant operator an impact score of 45.7924265734331 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

A number of other research firms have also issued reports on CAKE. BidaskClub downgraded shares of The Cheesecake Factory from a "hold" rating to a "sell" rating in a research report on Thursday, June 22nd.

The Cheesecake Factory Incorporated (NASDAQ:CAKE)'s stock had its "market perform" rating restated by analysts at Raymond James Financial, Inc.in a report released on Monday, July 24th. Finally, Maxim Group upgraded shares of The Cheesecake Factory from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Wednesday, June 14th. Morgan Stanley restated an equal weight rating and set a $56.00 target price (down previously from $62.00) on shares of The Cheesecake Factory in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. The Cheesecake Factory presently has an average rating of "Hold" and an average target price of $54.78.

Shares of The Cheesecake Factory (CAKE) opened at 44.80 on Friday.

The company's P/E ratio is 15.67 and the market cap is 2.06B.

It is now trading at $44.80 significantly below $48.76, the stock's 50 day moving average and significantly lower than the 200 day moving average of $57.67.

Dimensional Fund Advisors Lp says it decreased its ownership in The Cheesecake Factory Incorpor shares by 6,293 shares in its quarterly SEC filing.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The business had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that The Cheesecake Factory will post $2.67 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: "The Cheesecake Factory's (NASDAQ:CAKE) "Neutral" Rating Reiterated at Instinet" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of USA and global trademark & copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/08/13/robert-w-baird-reaffirms-neutral-rating-for-the-cheesecake-factory-incorporated-cake.html. Additionally the company recently declared a dividend for shareholders payable on Tuesday August 29th, 2017. Stockholders of record on Wednesday, August 16th will be paid a $0.29 dividend. HCR Wealth Advisors boosted its stake in The Cheesecake Factory by 0.3% in the first quarter. The ex-dividend date is Monday, August 14th. The dividend yield will be $2.58. The Cheesecake Factory's dividend payout ratio (DPR) is now 33.68%. The shares were sold at an average price of $59.09, for a total transaction of $379,594.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. TrimTabs Asset Management LLC raised its position in The Cheesecake Factory by 89.0% in the first quarter. Quadrature Capital Ltd bought a new stake in shares of The Cheesecake Factory during the fourth quarter valued at about $280,000. Finally, Nordea Investment Management AB raised its position in shares of The Cheesecake Factory by 44.3% in the second quarter. Nordea Investment Management AB now owns 36,806 shares of the restaurant operator's stock valued at $1,851,000 after buying an additional 11,301 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in The Cheesecake Factory by 32.2% in the first quarter. Guggenheim Capital LLC now owns 80,215 shares of the restaurant operator's stock worth $4,803,000 after buying an additional 70,602 shares in the last quarter. Bank of New York Mellon Corp now owns 1,693,864 shares of the restaurant operator's stock worth $107,324,000 after buying an additional 34,923 shares in the last quarter. Institutional investors own 96.40% of the company's stock.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark.

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