Man Attacked At Cheesecake Factory For Wearing MAGA Hat Speaks Out

Cheesecake Factory investigating claims man wearing MAGA hat was harassed by employees

Man Attacked At Cheesecake Factory For Wearing MAGA Hat Speaks Out

Shares of NASDAQ CAKE traded up $0.35 during mid-day trading on Friday, reaching $52.15. The shares were sold at an average price of $51.93, for a total transaction of $4,845,069.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. On Thursday, February 22 the stock has "Neutral" rating by Bank of America. The firm has a market capitalization of $2.37 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.35 and a beta of 0.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.48 and a quick ratio of 0.42.

In response, conservative Twitter users came out in droves against the Cheesecake Factory, with Ann Coulter insisting that Joseph should receive "cheesecake for life". The company had revenue of $590.69 million for the quarter, compared to the consensus estimate of $583.76 million.

Joseph also said he would "definitely not" return to The Cheesecake Factory again. The firm's quarterly revenue was up 4.8% on a year-over-year basis. The Cheesecake Factory has a 52-week low of $52.01 and a 52-week high of $52.82.

The stock had gained 7.5 percent this year through Tuesday's close. This represents a $1.16 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, May 9th. As of March 2, 2017, it operated 208 casual dining restaurants, including 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark, and 1 now under the Rock Sugar Pan Asian Kitchen mark; and 15 The Cheesecake Factory branded restaurants in the Middle East, China, and Mexico under licensing agreements.

CAKE has been the subject of a number of analyst reports. BidaskClub raised shares of The Cheesecake Factory from a "hold" rating to a "buy" rating in a report on Tuesday, April 10th. Morgan Stanley restated an "equal weight" rating and issued a $49.00 price objective (down from $50.00) on shares of The Cheesecake Factory in a research note on Thursday, February 22nd. In Tuesday, February 6 report Wells Fargo maintained it with "Market Perform" rating and $32 target. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of "Hold" and an average target price of $49.44. The company produces cheesecakes and other baked products for own restaurants and worldwide licensees, as well as external foodservice operators, retailers, and distributors. Ladenburg Thalmann Financial Services Inc. boosted its holdings in The Cheesecake Factory by 328.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,729,444 shares of the restaurant operator's stock worth $83,324,000 after buying an additional 74,729 shares in the last quarter. Atria Investments LLC bought a new stake in shares of The Cheesecake Factory in the 4th quarter worth approximately $255,000. Bayesian Capital Management LP acquired a new stake in shares of The Cheesecake Factory during the first quarter valued at about $212,000.

In recent action, The Cheesecake Factory Incorporated (CAKE) has made a move of -0.82% over the past month, which has come on weak relative transaction volume. Hedge funds and other institutional investors own 97.62% of the company's stock.

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