The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Research analysts at Oppenheimer issued their Q1 2022 earnings estimates for Cheesecake Factory in a report issued on Friday, January 7th. Oppenheimer analyst B. Bittner expects that the restaurant operator will post earnings of $0.77 per share for the quarter. Oppenheimer also issued estimates for Cheesecake Factory’s Q2 2022 earnings at $0.78 EPS, Q3 2022 earnings at $0.67 EPS, Q4 2022 earnings at $0.81 EPS and FY2023 earnings at $3.35 EPS. Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data 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 company had revenue of $754.50 million during the quarter, compared to the consensus estimate of $763.45 million. Cheesecake Factory had a net margin of 1.40% and a return on equity of 25.01%. Cheesecake Factory’s revenue for the quarter was up 45.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS.
Several other equities analysts also recently commented on the stock. Raymond James dropped their price objective on shares of Cheesecake Factory from $60.00 to $52.50 and set an “outperform” rating for the company in a research note on Thursday, November 4th. Credit Suisse Group increased their price objective on shares of Cheesecake Factory from $52.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, November 4th. Barclays dropped their price target on shares of Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Cheesecake Factory from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, November 4th. Finally, Jefferies Financial Group raised shares of Cheesecake Factory from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a research note on Friday, September 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and a consensus target price of $51.46.
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Shares of NASDAQ:CAKE opened at $38.93 on Monday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 299.48, a PEG ratio of 1.49 and a beta of 1.58. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.56 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $41.03 and a 200 day simple moving average of $44.70. Cheesecake Factory has a one year low of $36.42 and a one year high of $65.81.
Several hedge funds and other institutional investors have recently modified their holdings of CAKE. Eagle Bay Advisors LLC lifted its position in shares of Cheesecake Factory by 97,000.0% during 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 bought a new position in shares of Cheesecake Factory during the second quarter valued at about $62,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cheesecake Factory by 17.8% during 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. Centaurus Financial Inc. bought a new position in shares of Cheesecake Factory during the third quarter valued at about $117,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Cheesecake Factory during the third quarter valued at about $150,000. Hedge funds and other institutional investors own 82.49% of the company’s stock.
In other Cheesecake Factory news, Director Edie A. Ames acquired 1,650 shares of Cheesecake Factory stock in a transaction dated Wednesday, November 10th. The stock was purchased at an average cost of $45.12 per share, for a total transaction of $74,448.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by company 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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