Cheesecake Factory Inc (CAKE) Expected to Announce Earnings of $0.53 Per Share

Equities analysts expect Cheesecake Factory Inc (NASDAQ:CAKE) to report $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Cheesecake Factory’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.55. Cheesecake Factory reported earnings of $0.67 per share during the same quarter last year, which would indicate a negative year over year growth rate of 20.9%. The business is expected to issue its next earnings report on Wednesday, February 28th.

On average, 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 $2.63. For the next year, analysts expect that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.54 to $2.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE) last released its 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 firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $566.09 million. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS.

A number of research firms recently weighed in on CAKE. Maxim Group reduced their price objective on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Nomura reduced their price objective on Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Stephens reduced their price objective on Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Morgan Stanley reduced their price objective on Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Cheesecake Factory currently has a consensus rating of “Hold” and a consensus price target of $48.81.

In other Cheesecake Factory news, Director Herbert Simon bought 25,000 shares of Cheesecake Factory stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Debby R. Zurzolo sold 2,306 shares of Cheesecake Factory stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total value of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of CAKE. Tiedemann Wealth Management LLC grew its holdings in shares of Cheesecake Factory by 22.9% in the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 3,237 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Cheesecake Factory by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 482 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Cheesecake Factory by 105.5% in the second quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Cheesecake Factory in the second quarter worth $205,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Cheesecake Factory in the second quarter worth $243,000.

Cheesecake Factory (NASDAQ CAKE) opened at $48.34 on Friday. Cheesecake Factory has a 52-week low of $38.34 and a 52-week high of $67.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. The firm has a market capitalization of $2,213.25, a P/E ratio of 17.84, a P/E/G ratio of 1.25 and a beta of 0.33.

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About 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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