Wall Street analysts predict that The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) will post earnings per share of $0.50 for the current quarter, Zacks reports. Nine analysts have provided estimates for Cheesecake Factory’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.56. Cheesecake Factory reported earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Cheesecake Factory will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $3.15. For the next financial year, analysts forecast that the business will report earnings of $3.49 per share, with EPS estimates ranging from $3.08 to $3.87. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Cheesecake Factory.
Cheesecake Factory (NASDAQ:CAKE – Get Rating) last issued its earnings results on Wednesday, February 16th. The restaurant operator reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.10). The firm had revenue of $776.69 million for the quarter, compared to analyst estimates of $774.52 million. Cheesecake Factory had a return on equity of 37.60% and a net margin of 2.47%. Cheesecake Factory’s quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share.
CAKE has been the subject of a number of research analyst reports. Raymond James reduced their price objective on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. StockNews.com began coverage on shares of Cheesecake Factory in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wedbush boosted their target price on shares of Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 17th. Citigroup began coverage on shares of Cheesecake Factory in a research report on Tuesday, April 12th. They issued a “buy” rating and a $52.00 target price for the company. Finally, Morgan Stanley reduced their target price on shares of Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.36.
CAKE traded down $0.04 during trading on Monday, reaching $36.73. 8,991 shares of the stock were exchanged, compared to its average volume of 977,519. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.57 and a current ratio of 0.64. The stock’s 50 day moving average price is $38.48 and its two-hundred day moving average price is $39.93. Cheesecake Factory has a twelve month low of $31.43 and a twelve month high of $65.81. The stock has a market cap of $1.94 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47.
Several institutional investors have recently added to or reduced their stakes in CAKE. Frontier Capital Management Co. LLC increased its stake in shares of Cheesecake Factory by 204.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,371,581 shares of the restaurant operator’s stock valued at $53,697,000 after buying an additional 921,127 shares during the period. Castle Hook Partners LP acquired a new position in shares of Cheesecake Factory in the third quarter valued at approximately $30,051,000. Scopia Capital Management LP acquired a new stake in Cheesecake Factory during the 3rd quarter valued at approximately $24,702,000. Bamco Inc. NY increased its position 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 valued at $74,253,000 after purchasing an additional 379,860 shares during the period. Finally, Norges Bank acquired a new stake in Cheesecake Factory during the 4th quarter valued at approximately $13,440,000. 85.28% of the stock is owned by institutional investors.
Cheesecake Factory Company Profile (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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