Equities analysts expect that The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) will report sales of $844.90 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Cheesecake Factory’s earnings, with estimates ranging from $839.41 million to $848.77 million. Cheesecake Factory posted sales of $768.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The company is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Cheesecake Factory will report full-year sales of $3.36 billion for the current fiscal year, with estimates ranging from $3.33 billion to $3.39 billion. For the next year, analysts expect that the business will report sales of $3.52 billion, with estimates ranging from $3.44 billion to $3.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Cheesecake Factory.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Cheesecake Factory had a return on equity of 38.98% and a net margin of 2.96%. During the same quarter in the previous year, the company earned $0.20 earnings per share.
A number of equities analysts recently issued reports on the stock. Wedbush upped their price target on shares of Cheesecake Factory from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 17th. StockNews.com assumed coverage on shares of Cheesecake Factory in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Stephens upped their price target on shares of Cheesecake Factory from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 17th. Morgan Stanley dropped their price target on shares of Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, April 14th. Finally, Raymond James dropped their price target on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cheesecake Factory presently has an average rating of “Hold” and an average price target of $49.92.
Large investors have recently modified their holdings of the company. William Blair Investment Management LLC bought a new position in shares of Cheesecake Factory in the 3rd quarter worth approximately $15,666,000. Bamco Inc. NY lifted its stake in shares of Cheesecake Factory by 31.7% in the 3rd quarter. Bamco Inc. NY now owns 1,579,860 shares of the restaurant operator’s stock worth $74,253,000 after purchasing an additional 379,860 shares during the period. CIBC Asset Management Inc bought a new position in shares of Cheesecake Factory in the 4th quarter worth approximately $234,000. First Republic Investment Management Inc. lifted its stake in shares of Cheesecake Factory by 2.2% in the 4th quarter. First Republic Investment Management Inc. now owns 42,497 shares of the restaurant operator’s stock worth $1,664,000 after purchasing an additional 910 shares during the period. Finally, Brookfield Asset Management Inc. lifted its stake in shares of Cheesecake Factory by 44.4% in the 3rd quarter. Brookfield Asset Management Inc. now owns 61,244 shares of the restaurant operator’s stock worth $2,878,000 after purchasing an additional 18,844 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.
Shares of Cheesecake Factory stock opened at $34.32 on Wednesday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.47 and a beta of 1.41. The firm’s 50-day moving average is $37.05 and its 200 day moving average is $39.05. Cheesecake Factory has a 1 year low of $31.43 and a 1 year high of $63.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 24th. Stockholders of record on Wednesday, May 11th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, May 10th.
About Cheesecake Factory (Get Rating)
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.
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