Equities analysts expect The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for The Cheesecake Factory’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.64. The Cheesecake Factory reported earnings of $0.70 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The business is expected to issue its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that The Cheesecake Factory will report full year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.68. For the next year, analysts expect that the firm will post earnings of $2.84 per share, with EPS estimates ranging from $2.54 to $2.98. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The business had revenue of $569.87 million for the quarter, compared to the consensus estimate of $573.12 million. During the same period in the previous year, the business earned $0.78 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis.

Several equities analysts have recently commented on CAKE shares. BidaskClub lowered The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Nomura reduced their price objective on The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. Wedbush started coverage on The Cheesecake Factory in a research report on Monday, July 10th. They set an “outperform” rating and a $57.00 price objective on the stock. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price objective on shares of The Cheesecake Factory in a research report on Thursday, September 7th. Finally, Maxim Group reiterated a “buy” rating and set a $57.00 price objective (down from $65.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The Cheesecake Factory currently has an average rating of “Hold” and an average price target of $52.12.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. Prudential Financial Inc. lifted its stake in shares of The Cheesecake Factory by 7.9% in the 1st quarter. Prudential Financial Inc. now owns 30,133 shares of the restaurant operator’s stock valued at $1,909,000 after purchasing an additional 2,204 shares during the period. Alliancebernstein L.P. lifted its stake in shares of The Cheesecake Factory by 28.3% in the 1st quarter. Alliancebernstein L.P. now owns 100,178 shares of the restaurant operator’s stock valued at $6,347,000 after purchasing an additional 22,090 shares during the period. United Services Automobile Association purchased a new position in shares of The Cheesecake Factory in the 1st quarter valued at approximately $809,000. OppenheimerFunds Inc. lifted its stake in shares of The Cheesecake Factory by 34.1% in the 1st quarter. OppenheimerFunds Inc. now owns 9,995 shares of the restaurant operator’s stock valued at $634,000 after purchasing an additional 2,541 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of The Cheesecake Factory by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 211,868 shares of the restaurant operator’s stock valued at $13,423,000 after purchasing an additional 6,096 shares during the period. Institutional investors own 96.14% of the company’s stock.

Shares of The Cheesecake Factory (NASDAQ CAKE) opened at 43.96 on Monday. The stock has a 50 day moving average price of $41.42 and a 200 day moving average price of $50.69. The Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14. The company has a market capitalization of $2.02 billion, a PE ratio of 15.38 and a beta of 0.32.

About The Cheesecake Factory

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

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Earnings History and Estimates for The Cheesecake Factory (NASDAQ:CAKE)

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