The Cheesecake Factory (NASDAQ:CAKE) Earns Daily Coverage Optimism Rating of 0.14

Cornelia Mascio
Novembre 15, 2017

Ranger Inv Management L P reported 0.06% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). BidaskClub downgraded shares of The Cheesecake Factory from a sell rating to a strong sell rating in a report on Thursday, July 27th. Maxim Group's price target would indicate a potential upside of 21.92% from the stock's current price. Nomura decreased their price target on shares of The Cheesecake Factory from $50.00 to $44.00 and set a neutral rating on the stock in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Morgan Stanley dropped their price objective on The Cheesecake Factory from $48.00 to $44.00 and set an "equal weight" rating for the company in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Whittier holds 0% in Cheesecake Factory Inc (NASDAQ:CAKE) or 516 shares.

Shares of The Cheesecake Factory (NASDAQ:CAKE) traded down $0.02 during trading hours on Thursday, reaching $44.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. The company has a market capitalization of $2,028.75, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.18 and a beta of 0.29. The Cheesecake Factory Incorporated had 54 analyst reports since July 24, 2015 according to SRatingsIntel.

The Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, November 1st. First Advisors L P reported 68,253 shares or 0.01% of all its holdings. The Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company's revenue was down.8% compared to the same quarter past year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 annualized dividend and a yield of 2.62%. Used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated. Also included in the list of buyers for the last 3 months Herbert Simon who executed a indirect buy for 25,000 shares on November 6, 2017.Director Edie A Ames bought 400 shares on August 17, 2017, bringing his total number of shares held to 400. 1,311,200 shares of the company traded hands, compared to its average volume of 1,087,946. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Debby Zurzolo has seen steady activity on the sell side, and on November 9, 2017, executed an option to sell 2415 shares. The disclosure for this sale can be found here. That transaction by Vanguard took place on June 30, 2017, while on September 30, 2017 Kayne Anderson Rudnick Investment Management Llc purchased an additional 869579 shares in CAKE to bring its total stake to 2.46 million.

Several large investors have recently made changes to their positions in CAKE. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator's stock valued at $306,812,000 after acquiring an additional 4,819,766 shares during the period. Tiedemann Wealth Management LLC lifted its position in shares of The Cheesecake Factory by 22.9% during the third quarter. Insiders bought 25,730 shares of company stock valued at $1,119,535 over the last ninety days. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator's stock worth $134,000 after purchasing an additional 3,237 shares during the last quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator's stock worth $218,000 after acquiring an additional 109 shares during the period.

Internationally, 18 The Cheesecake Factory® restaurants operate under licensing agreements. 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. The Company's bakery division operates two bakery production facilities, in Calabasas Hills, CA and Rocky Mount, NC, that produce quality cheesecakes and other baked products for its restaurants, worldwide licensees and third-party bakery customers.

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