The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Research analysts at William Blair lowered their FY2021 earnings per share estimates for shares of Cheesecake Factory in a research report issued to clients and investors on Thursday, January 20th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $2.21 for the year, down from their prior estimate of $2.28. William Blair also issued estimates for Cheesecake Factory’s Q4 2021 earnings at $0.56 EPS, Q2 2022 earnings at $0.90 EPS, Q3 2022 earnings at $0.57 EPS, Q4 2022 earnings at $0.98 EPS, FY2022 earnings at $2.95 EPS and FY2023 earnings at $3.36 EPS.
Several other equities analysts have also issued reports on the company. Jefferies Financial Group raised Cheesecake Factory from a “hold” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a research note on Friday, September 24th. Wedbush cut their price target on Cheesecake Factory from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, October 28th. Credit Suisse Group upped their price target on Cheesecake Factory from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, November 4th. Raymond James dropped their price objective on Cheesecake Factory from $60.00 to $52.50 and set an “outperform” rating on the stock in a report on Thursday, November 4th. Finally, Morgan Stanley dropped their price objective on Cheesecake Factory from $43.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.96.
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Shares of Cheesecake Factory stock opened at $35.92 on Friday. Cheesecake Factory has a 52 week low of $35.85 and a 52 week high of $65.81. The business’s fifty day simple moving average is $39.82 and its 200-day simple moving average is $43.80. The firm has a market cap of $1.87 billion, a PE ratio of 276.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.58. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.45. Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, November 3rd. The restaurant operator reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). The firm had revenue of $754.50 million for the quarter, compared to analysts’ expectations of $763.45 million. Cheesecake Factory had a return on equity of 25.01% and a net margin of 1.40%. The firm’s revenue for the quarter was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.33) earnings per share.
A number of hedge funds have recently modified their holdings of CAKE. Spire Wealth Management lifted its position in shares of Cheesecake Factory by 1,743.2% during the 4th quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 645 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Cheesecake Factory by 97,000.0% in the third quarter. Eagle Bay Advisors LLC now owns 971 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 970 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Cheesecake Factory in the second quarter valued at $62,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cheesecake Factory by 17.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,858 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 281 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Cheesecake Factory in the third quarter valued at $117,000. 76.60% of the stock is owned by institutional investors and hedge funds.
In other news, Director Edie A. Ames acquired 1,650 shares of the stock in a transaction that occurred on Wednesday, November 10th. The stock was purchased at an average cost of $45.12 per share, with a total value of $74,448.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is owned by insiders.
About Cheesecake Factory
Cheesecake Factory, Inc engages in the operation of restaurant chains. It operates through The Cheesecake Factory, North Italia, Other FRC and Other segments. The Cheesecake Factory segment offers appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches and omelettes, and a selection of gluten-free items.
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