Wall Street analysts predict that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will post $566.10 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for The Cheesecake Factory’s earnings. The lowest sales estimate is $562.30 million and the highest is $569.71 million. The Cheesecake Factory posted sales of $603.15 million during the same quarter last year, which suggests a negative year over year growth rate of 6.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that The Cheesecake Factory will report full-year sales of $566.10 million for the current financial year, with estimates ranging from $2.25 billion to $2.27 billion. For the next financial year, analysts forecast that the business will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover The Cheesecake Factory.
The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year.
Shares of The Cheesecake Factory (NASDAQ:CAKE) opened at $48.03 on Friday. The Cheesecake Factory has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The company has a market cap of $2,200.00, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.31 and a beta of 0.29.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.16 annualized dividend and a yield of 2.42%. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 42.80%.
In other news, VP Debby R. Zurzolo sold 2,415 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $44.20, for a total value of $106,743.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Herbert Simon bought 25,000 shares of The Cheesecake Factory stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $43.50 per share, for a total transaction of $1,087,500.00. The disclosure for this purchase can be found here. 8.40% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. purchased a new stake in shares of The Cheesecake Factory in the 2nd quarter worth about $353,000. Sciencast Management LP purchased a new stake in shares of The Cheesecake Factory in the 2nd quarter worth about $357,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of The Cheesecake Factory by 11.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,587,785 shares of the restaurant operator’s stock worth $79,866,000 after buying an additional 161,779 shares during the period. Bridgewater Associates LP purchased a new stake in shares of The Cheesecake Factory in the 2nd quarter worth about $606,000. Finally, Long Road Investment Counsel LLC grew its position in shares of The Cheesecake Factory by 35.2% in the 2nd quarter. Long Road Investment Counsel LLC now owns 47,079 shares of the restaurant operator’s stock worth $2,368,000 after buying an additional 12,260 shares during the period. 97.32% of the stock is currently owned by hedge funds and other institutional investors.
The Cheesecake Factory Company Profile
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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