Economy

The Cheesecake Factory's (CAKE) "Buy" Rating Reaffirmed at Maxim Group

The Cheesecake Factory's (CAKE)

With 1.07M avg volume, 9 days are for Cheesecake Factory Incorporated (NASDAQ:CAKE)'s short sellers to cover CAKE's short positions.

On 2/17/2016 The Cheesecake Factory Incorporated announced a quarterly dividend of $0.20 1.61% with an ex dividend date of 2/26/2016 which will be payable on 3/14/2016.

Looking into last 5 trades, the stock observed a return of nearly 2.59%. About shares traded. Cheesecake Factory Inc (NASDAQ:CAKE) has risen 21.63% since September 25, 2016 and is uptrending. It has outperformed by 4.93% the S&P500. The restaurant operator reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. Cheesecake Factory now has $1.95 billion valuation. The stock decreased 0.12% or $0.04 on September 25, reaching $33.13. A total volume of 1.02 million shares were traded versus to average volume of 1.23 million shares. It has outperformed by 3.79% the S&P500.

Investors sentiment decreased to 1.64 in 2017 Q2. Northwestern Mutual Investment Management Company LLC increased its stake in The Cheesecake Factory by 0.6% in the 1st quarter. 46 funds opened positions while 102 raised stakes. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported. Amer Intll Gp Incorporated reported 118,104 shares. About shares traded. TrovaGene Inc (NASDAQ:TROV) has declined 83.95% since September 25, 2016 and is downtrending. Moreover, Hendershot Investments Inc. has 1.58% invested in the company for 69,805 shares. Dupont has invested 0.04% in Cheesecake Factory Inc (NASDAQ:CAKE). Intl Group stated it has 118,104 shares or 0.02% of all its holdings. Susquehanna Llp holds 0% or 138,031 shares. The Virginia-based Outfitter Advisors Ltd. has invested 1.09% in the stock. Da Davidson owns 180,668 shares. Windsor Financial Group Ltd Liability Corporation accumulated 62,500 shares. Riverbridge Prns Ltd owns 505,320 shares for 0.49% of their portfolio. Alps Advisors Inc. now owns 7,791 shares of the restaurant operator's stock worth $392,000 after buying an additional 20 shares during the period. Markel Corp holds 760,000 shares. This represents a $1.16 dividend on an annualized basis and a yield of 2.81%. Finley John G sold $650,600 worth of stock. The rating was upgraded by BTIG Research on Tuesday, October 27 to "Buy". TrovaGene had 16 analyst reports since August 14, 2015 according to SRatingsIntel. Standpoint Research maintained Blackstone Group LP (NYSE:BX) on Sunday, August 9 with "Hold" rating. The rating was initiated by Maxim Group on Tuesday, February 9 with "Buy".

9/7/2017-Jefferies Group LLC Reiterated Rating of Hold.

Analysts await Cheesecake Factory Inc (NASDAQ:CAKE) to report earnings on October, 25.

Since April 5, 2017, it had 1 insider purchase, and 3 selling transactions for $813,447 activity. On Tuesday, May 23 the insider PITTAWAY DAVID BRUCE bought $23,288.

More interesting news about Cheesecake Factory Inc (NASDAQ:CAKE) were released by: Bloomberg.com and their article: "Cheesecake Factory Is the Restaurant Slump's Latest Victim" published on June 13, 2017 as well as Latimes.com's news article titled: "Americans still love eating out".

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.94B. 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 P/E ratio gives investors an idea of what the market is willing to pay for the company's earnings.

What Historical Figures Say About The Cheesecake Factory Incorporated (NASDAQ:CAKE)?

Among 4 analysts covering Cheesecake Factory CAKE (NYSE:CAKE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive.

In analysts note revealed to investors on Tuesday morning, expert analysts at Wedbush's equities research division downgraded shares of The Cheesecake Factory Incorporated CAKE (NYSE:CAKE) stock from their previous Outperform rating to a Neutral. On Friday, June 16 the stock rating was maintained by Canaccord Genuity with "Hold". The Cheesecake Factory now has a consensus rating of "Hold" and an average price target of $53.44. On Thursday, July 23 the stock rating was maintained by Stifel Nicolaus with "Buy". Piper Jaffray Companies reissued a "buy" rating and set a $65.00 price target on shares of The Cheesecake Factory in a report on Wednesday, July 26th. On Thursday, August 3 the stock rating was maintained by Nomura with "Neutral".



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