Equities research analysts forecast that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will post earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Cheesecake Factory’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.56. Cheesecake Factory posted earnings per share of ($0.32) in the same quarter last year, which would indicate a positive year-over-year growth rate of 287.5%. The business is scheduled to issue its next earnings results on Wednesday, February 16th.
On average, analysts expect that Cheesecake Factory will report full-year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.31. For the next financial year, analysts anticipate that the firm will report earnings of $3.09 per share, with EPS estimates ranging from $2.95 to $3.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cheesecake Factory.
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 Zacks’ consensus estimate of $0.70 by ($0.05). Cheesecake Factory had a return on equity of 25.01% and a net margin of 1.40%. The firm had revenue of $754.50 million for the quarter, compared to analyst estimates of $763.45 million. During the same period in the prior year, the firm posted ($0.33) EPS. The business’s revenue was up 45.7% compared to the same quarter last year.
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A number of analysts have commented on CAKE shares. Wells Fargo & Company lowered their price target on Cheesecake Factory from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, November 4th. Barclays lowered their price target on Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on Cheesecake Factory from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, November 4th. Credit Suisse Group boosted their price objective on Cheesecake Factory from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 4th. Finally, Stephens raised Cheesecake Factory from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $53.00 to $47.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.46.
In other Cheesecake Factory news, Director Edie A. Ames purchased 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, November 10th. The stock was purchased at an average price of $45.12 per share, for a total transaction of $74,448.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cheesecake Factory by 15.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,978,928 shares of the restaurant operator’s stock worth $269,758,000 after buying an additional 663,896 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Cheesecake Factory by 4.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,357,446 shares of the restaurant operator’s stock worth $236,087,000 after buying an additional 200,605 shares in the last quarter. Bamco Inc. NY increased its stake in Cheesecake Factory by 31.7% during the 3rd quarter. Bamco Inc. NY now owns 1,579,860 shares of the restaurant operator’s stock worth $74,253,000 after buying an additional 379,860 shares in the last quarter. State Street Corp increased its stake in Cheesecake Factory by 6.2% during the 2nd quarter. State Street Corp now owns 1,471,060 shares of the restaurant operator’s stock worth $79,702,000 after buying an additional 86,052 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cheesecake Factory by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 998,603 shares of the restaurant operator’s stock worth $46,935,000 after buying an additional 38,681 shares in the last quarter. Institutional investors own 82.49% of the company’s stock.
Shares of CAKE opened at $40.16 on Thursday. The stock has a 50-day moving average of $41.11 and a two-hundred day moving average of $44.96. Cheesecake Factory has a one year low of $35.45 and a one year high of $65.81. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.48 and a current ratio of 0.56. The stock has a market cap of $2.10 billion, a P/E ratio of 308.95, a P/E/G ratio of 2.06 and a beta of 1.58.
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.
See Also: Fiduciary
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