Zacks: Analysts Expect Cheesecake Factory Inc (CAKE) Will Post Earnings of $0.53 Per Share

Wall Street brokerages forecast that Cheesecake Factory Inc (NASDAQ:CAKE) will announce $0.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Cheesecake Factory’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. Cheesecake Factory reported earnings of $0.67 per share during the same quarter last year, which suggests a negative year over year growth rate of 20.9%. The firm is expected to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Cheesecake Factory will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.58 to $2.62. For the next financial year, analysts forecast that the business will post earnings of $2.64 per share, with EPS estimates ranging from $2.53 to $2.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. During the same period in the previous year, the business posted $0.70 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year.

CAKE has been the subject of a number of recent research reports. Nomura decreased their price target on shares of Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Maxim Group reiterated a “buy” rating and issued a $57.00 price target on shares of Cheesecake Factory in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “hold” rating and issued a $49.00 price target on shares of Cheesecake Factory in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Stephens decreased their price target on shares of Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $48.00.

Cheesecake Factory (NASDAQ:CAKE) opened at $50.41 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05. Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $67.14. The company has a market cap of $2,310.00, a P/E ratio of 18.60, a PEG ratio of 1.31 and a beta of 0.33.

In other news, Director Herbert Simon acquired 25,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $43.50 per share, with a total value of $1,087,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Debby R. Zurzolo sold 2,306 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in shares of Cheesecake Factory by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 482 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Cheesecake Factory by 105.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cheesecake Factory during the 2nd quarter worth $205,000. BlueMountain Capital Management LLC purchased a new stake in shares of Cheesecake Factory during the 2nd quarter worth $243,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Cheesecake Factory by 7.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

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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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