The Cheesecake Factory Incorporated (NASDAQ:CAKE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $39.85 and last traded at $39.73, with a volume of 458,799 shares. The stock had previously closed at $40.54.

CAKE has been the subject of several research analyst reports. Jefferies Group LLC upgraded The Cheesecake Factory from an “underperform” rating to a “hold” rating and set a $52.00 target price for the company in a research note on Tuesday, June 13th. They noted that the move was a valuation call. BidaskClub upgraded The Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Telsey Advisory Group reduced their target price on The Cheesecake Factory from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, June 14th. Maxim Group upgraded The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $55.00 target price (down from $61.50) on shares of The Cheesecake Factory in a research note on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.78.

The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.78 and a beta of 0.34. The stock has a 50-day moving average price of $45.03 and a 200 day moving average price of $55.34.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts forecast that The Cheesecake Factory Incorporated will post $2.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Wednesday, August 16th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.86%. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s payout ratio is currently 40.70%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HCR Wealth Advisors increased its holdings in shares of The Cheesecake Factory by 0.3% in the first quarter. HCR Wealth Advisors now owns 4,498 shares of the restaurant operator’s stock worth $285,000 after buying an additional 14 shares during the period. Alps Advisors Inc. increased its holdings in shares of The Cheesecake Factory by 0.3% in the second quarter. 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. Tyers Asset Management LLC increased its holdings in shares of The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after buying an additional 22 shares during the period. Bank of Montreal Can increased its holdings in shares of The Cheesecake Factory by 0.5% in the second quarter. Bank of Montreal Can now owns 5,152 shares of the restaurant operator’s stock worth $259,000 after buying an additional 24 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of The Cheesecake Factory by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock worth $327,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 96.38% of the company’s stock.

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The Cheesecake Factory Company Profile

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. The Company’s segments include The Cheesecake Factory restaurants, and other.

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