The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Analysts at William Blair lowered their Q3 2017 EPS estimates for shares of The Cheesecake Factory in a research note issued on Thursday. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $0.57 per share for the quarter, down from their prior estimate of $0.60. William Blair also issued estimates for The Cheesecake Factory’s Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.63 EPS and FY2018 earnings at $2.87 EPS.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million for the quarter, compared to analysts’ expectations of $573.12 million. The Cheesecake Factory had a return on equity of 22.92% and a net margin of 6.10%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/23/the-cheesecake-factory-incorporated-expected-to-earn-q3-2017-earnings-of-0-57-per-share-cake.html.

Other equities research analysts also recently issued reports about the company. Robert W. Baird set a $49.00 price objective on The Cheesecake Factory and gave the company a “hold” rating in a research report on Thursday, August 3rd. Instinet assumed coverage on The Cheesecake Factory in a research report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price objective on the stock. Barclays PLC restated an “equal weight” rating and set a $48.00 price objective (down from $53.00) on shares of The Cheesecake Factory in a research report on Thursday, August 3rd. Canaccord Genuity restated a “hold” rating on shares of The Cheesecake Factory in a research report on Friday, August 4th. Finally, Stephens restated an “equal weight” rating and set a $48.00 price objective (down from $55.00) on shares of The Cheesecake Factory in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $52.12.

The Cheesecake Factory (CAKE) opened at 43.96 on Monday. The stock has a market capitalization of $2.02 billion, a PE ratio of 15.38 and a beta of 0.32. The firm 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 52 week low of $38.34 and a 52 week high of $67.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAKE. BlackRock Inc. increased its holdings in The Cheesecake Factory by 21,381.3% during the 1st quarter. BlackRock Inc. now owns 4,842,308 shares of the restaurant operator’s stock worth $306,812,000 after purchasing an additional 4,819,766 shares during the period. Renaissance Technologies LLC purchased a new position in The Cheesecake Factory during the 2nd quarter worth $25,369,000. FMR LLC increased its holdings in The Cheesecake Factory by 445.8% during the 1st quarter. FMR LLC now owns 545,840 shares of the restaurant operator’s stock worth $34,584,000 after purchasing an additional 445,840 shares during the period. Marshall Wace North America L.P. increased its holdings in The Cheesecake Factory by 1,407.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 393,218 shares of the restaurant operator’s stock worth $19,661,000 after purchasing an additional 367,127 shares during the period. Finally, Koch Industries Inc. purchased a new position in The Cheesecake Factory during the 2nd quarter worth $353,000. Institutional investors own 96.14% of the company’s stock.

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.

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

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