Cheesecake Factory Inc (NASDAQ:CAKE) – Equities research analysts at Oppenheimer issued their Q1 2018 earnings estimates for Cheesecake Factory in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Oppenheimer analyst B. Bittner expects that the restaurant operator will earn $0.72 per share for the quarter. Oppenheimer also issued estimates for Cheesecake Factory’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.63 EPS and FY2019 earnings at $2.98 EPS.
CAKE has been the topic of a number of other research reports. Wells Fargo & Co dropped their price objective on Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research upgraded Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Stephens dropped their price objective on Cheesecake Factory from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Piper Jaffray Companies increased their price objective on Cheesecake Factory from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $54.00 target price on shares of Cheesecake Factory in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.56.
Cheesecake Factory (NASDAQ CAKE) opened at $48.18 on Friday. Cheesecake Factory has a 1-year low of $38.34 and a 1-year high of $67.14. The company has a market capitalization of $2,203.19, a PE ratio of 17.78, a PEG ratio of 1.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.70 EPS. The company’s revenue was down .8% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Cheesecake Factory by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock worth $327,000 after acquiring an additional 26 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Cheesecake Factory by 0.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,704 shares of the restaurant operator’s stock worth $371,000 after buying an additional 55 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Cheesecake Factory by 0.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 35,914 shares of the restaurant operator’s stock worth $1,806,000 after buying an additional 124 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Cheesecake Factory by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 34,552 shares of the restaurant operator’s stock worth $1,738,000 after buying an additional 126 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Cheesecake Factory by 3.4% during the 2nd quarter. Amalgamated Bank now owns 6,433 shares of the restaurant operator’s stock worth $324,000 after buying an additional 211 shares in the last quarter. 97.47% of the stock is owned by institutional investors.
In other Cheesecake Factory news, VP Debby R. Zurzolo sold 2,306 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herbert Simon acquired 25,000 shares of the firm’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 disclosure for this purchase can be found here. 8.40% of the stock is owned by corporate insiders.
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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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