Wall Street analysts expect Cheesecake Factory Inc (NASDAQ:CAKE) to post $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 $0.55 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 would suggest a negative year over year growth rate of 20.9%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Cheesecake Factory will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.58 to $2.63. For the next financial year, analysts forecast that the firm will report earnings of $2.74 per share, with EPS estimates ranging from $2.54 to $2.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Cheesecake Factory.
A number of research firms have weighed in on CAKE. TheStreet upgraded shares of Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Nomura reduced their price objective on shares of Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Wells Fargo & Co reduced their price objective on shares of Cheesecake Factory from $45.00 to $41.00 and set a “market perform” rating for the company in a research report on Tuesday, February 6th. Finally, Maxim Group reduced their price objective on shares of Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.00.
In other news, VP Debby R. Zurzolo sold 2,306 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Cheesecake Factory by 8.7% during the third quarter. Public Employees Retirement System of Ohio now owns 74,481 shares of the restaurant operator’s stock worth $3,137,000 after buying an additional 5,938 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Cheesecake Factory in the second quarter valued at about $353,000. Macquarie Group Ltd. grew its holdings in shares of Cheesecake Factory by 7.5% in the third quarter. Macquarie Group Ltd. now owns 1,453,386 shares of the restaurant operator’s stock valued at $61,216,000 after purchasing an additional 101,513 shares during the period. Stifel Financial Corp grew its holdings in shares of Cheesecake Factory by 33.4% in the third quarter. Stifel Financial Corp now owns 79,701 shares of the restaurant operator’s stock valued at $3,352,000 after purchasing an additional 19,944 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Cheesecake Factory by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,171,917 shares of the restaurant operator’s stock valued at $209,847,000 after purchasing an additional 146,756 shares during the period. 98.71% of the stock is owned by institutional investors and hedge funds.
Cheesecake Factory (CAKE) traded up $0.30 during trading hours on Wednesday, reaching $45.44. 1,143,170 shares of the company’s stock were exchanged, compared to its average volume of 1,056,816. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. The firm has a market capitalization of $2,066.75, a PE ratio of 16.77, a PEG ratio of 1.14 and a beta of 0.33. Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14.
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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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