Brokerages expect The Cheesecake Factory Incorporated (NASDAQ:CAKE) to post sales of $628.29 million for the current quarter, Zacks reports. Ten analysts have made estimates for The Cheesecake Factory’s earnings, with the highest sales estimate coming in at $673.50 million and the lowest estimate coming in at $597.02 million. The Cheesecake Factory reported sales of $694.03 million in the same quarter last year, which indicates a negative year-over-year growth rate of 9.5%. The business is expected to announce its next quarterly earnings results on Wednesday, February 17th.
According to Zacks, analysts expect that The Cheesecake Factory will report full year sales of $2.06 billion for the current financial year, with estimates ranging from $2.03 billion to $2.10 billion. For the next year, analysts anticipate that the firm will post sales of $2.69 billion, with estimates ranging from $2.60 billion to $2.79 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow The Cheesecake Factory.
The Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Thursday, October 29th. The restaurant operator reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.18. The firm had revenue of $517.70 million during the quarter, compared to the consensus estimate of $489.97 million. The Cheesecake Factory had a negative return on equity of 8.77% and a negative net margin of 1.89%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS.
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A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on The Cheesecake Factory from $24.00 to $33.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 20th. BidaskClub cut The Cheesecake Factory from a “buy” rating to a “hold” rating in a report on Wednesday, October 28th. Credit Suisse Group raised their target price on The Cheesecake Factory from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Morgan Stanley raised their target price on The Cheesecake Factory from $26.00 to $27.00 and gave the company an “underweight” rating in a report on Monday, November 2nd. Finally, Wedbush upgraded The Cheesecake Factory from a “neutral” rating to an “outperform” rating in a report on Friday, November 13th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.16.
Shares of NASDAQ:CAKE opened at $37.17 on Monday. The business has a 50-day moving average price of $34.72 and a 200 day moving average price of $28.28. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -27.33 and a beta of 1.69. The Cheesecake Factory has a 12-month low of $14.52 and a 12-month high of $43.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC purchased a new stake in shares of The Cheesecake Factory in the third quarter valued at $28,000. Captrust Financial Advisors purchased a new stake in The Cheesecake Factory in the 2nd quarter worth about $25,000. Rockefeller Capital Management L.P. lifted its stake in The Cheesecake Factory by 327.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,393 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 1,067 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in The Cheesecake Factory by 475.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,755 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of The Cheesecake Factory during the 2nd quarter worth about $48,000. 90.65% of the stock is currently owned by institutional investors.
The Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated engages in the operation of restaurants. As of February 26, 2020, it owned and operated 294 restaurants in the United States and Canada under the brands of The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 26 The Cheesecake Factory restaurants operated under licensing agreements internationally.
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