The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) – Stock analysts at William Blair lowered their FY2022 earnings per share (EPS) estimates for Cheesecake Factory in a research note issued to investors on Tuesday, October 18th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $2.00 for the year, down from their prior estimate of $2.03. The consensus estimate for Cheesecake Factory’s current full-year earnings is $2.04 per share. William Blair also issued estimates for Cheesecake Factory’s Q4 2022 earnings at $0.74 EPS and FY2023 earnings at $2.80 EPS.
CAKE has been the subject of several other reports. Piper Sandler reduced their price target on Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Cheesecake Factory from $35.00 to $31.00 in a research report on Thursday, July 28th. StockNews.com assumed coverage on Cheesecake Factory in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup boosted their target price on Cheesecake Factory from $39.00 to $40.00 in a research report on Thursday, July 28th. Finally, Stephens assumed coverage on Cheesecake Factory in a research report on Thursday, September 22nd. They set an “overweight” rating and a $38.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cheesecake Factory has an average rating of “Hold” and an average price target of $40.00.
Cheesecake Factory Stock Performance
NASDAQ:CAKE opened at $32.82 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.63 and a quick ratio of 0.54. The business has a fifty day simple moving average of $31.70 and a two-hundred day simple moving average of $31.70. Cheesecake Factory has a 1 year low of $26.05 and a 1 year high of $47.17. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.85 and a beta of 1.35.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.26). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The firm had revenue of $832.60 million during the quarter, compared to analysts’ expectations of $836.64 million. During the same period in the prior year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year.
Cheesecake Factory Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Wednesday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, August 9th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 66.26%.
Institutional Investors Weigh In On Cheesecake Factory
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Cheesecake Factory by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 5,387,902 shares of the restaurant operator’s stock valued at $214,385,000 after acquiring an additional 107,399 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Cheesecake Factory by 20.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,192,835 shares of the restaurant operator’s stock valued at $57,935,000 after acquiring an additional 376,046 shares during the last quarter. State Street Corp lifted its stake in shares of Cheesecake Factory by 1.0% in the 2nd quarter. State Street Corp now owns 1,738,875 shares of the restaurant operator’s stock valued at $45,941,000 after acquiring an additional 17,383 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cheesecake Factory by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,044,691 shares of the restaurant operator’s stock valued at $41,565,000 after acquiring an additional 42,901 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Cheesecake Factory by 2,369.2% during the 2nd quarter. Millennium Management LLC now owns 905,116 shares of the restaurant operator’s stock valued at $23,913,000 after purchasing an additional 868,460 shares during the period. Institutional investors own 84.62% of the company’s stock.
Cheesecake Factory Company Profile
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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