Cheesecake Factory Inc (NASDAQ:CAKE) – Analysts at Jefferies Group upped their Q1 2018 earnings estimates for shares of Cheesecake Factory in a research note issued to investors on Wednesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will earn $0.70 per share for the quarter, up from their prior estimate of $0.68. Jefferies Group also issued estimates for Cheesecake Factory’s Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.71 EPS and FY2019 earnings at $2.99 EPS.
Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $567.80 million. Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. Cheesecake Factory’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share.
Other equities research analysts have also issued research reports about the company. TheStreet upgraded Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Maxim Group dropped their target price on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Cheesecake Factory from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, February 6th. BTIG Research upped their price objective on Cheesecake Factory to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays lowered their price objective on Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $48.18.
Shares of Cheesecake Factory (CAKE) opened at $48.52 on Friday. The company has a market capitalization of $2,194.49, a P/E ratio of 14.75, a P/E/G ratio of 1.21 and a beta of 0.33. 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 current ratio of 0.51 and a quick ratio of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, February 27th. Cheesecake Factory’s payout ratio is 35.26%.
Several hedge funds have recently made changes to their positions in CAKE. Royal Bank of Canada raised its stake in shares of Cheesecake Factory by 120.4% during the 2nd quarter. Royal Bank of Canada now owns 33,865 shares of the restaurant operator’s stock worth $1,703,000 after buying an additional 18,498 shares during the period. State Street Corp raised its stake in shares of Cheesecake Factory by 4.3% during the 2nd quarter. State Street Corp now owns 1,526,476 shares of the restaurant operator’s stock worth $76,779,000 after buying an additional 63,301 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Cheesecake Factory by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 98,490 shares of the restaurant operator’s stock worth $4,954,000 after buying an additional 983 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Cheesecake Factory during the 2nd quarter worth approximately $205,000. Finally, APG Asset Management N.V. acquired a new position in shares of Cheesecake Factory during the 3rd quarter worth approximately $4,229,000. 97.62% of the stock is owned by institutional investors and hedge funds.
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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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