Equities analysts expect that Cheesecake Factory Inc (NASDAQ:CAKE) will post $0.81 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cheesecake Factory’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Cheesecake Factory posted earnings per share of $0.78 during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The business is expected to report its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Cheesecake Factory will report full-year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.75. For the next year, analysts forecast that the company will report earnings of $2.92 per share, with EPS estimates ranging from $2.85 to $3.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Cheesecake Factory.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, April 25th. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.12). The firm had revenue of $590.69 million during the quarter, compared to analyst estimates of $583.76 million. Cheesecake Factory had a net margin of 6.49% and a return on equity of 19.01%. Cheesecake Factory’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays lifted their price target on shares of Cheesecake Factory from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, April 26th. Morgan Stanley lifted their price target on shares of Cheesecake Factory from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 26th. Wedbush decreased their price target on shares of Cheesecake Factory from $55.00 to $52.50 and set a “neutral” rating for the company in a research note on Thursday, April 26th. Finally, Telsey Advisory Group lifted their price target on shares of Cheesecake Factory from $48.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Cheesecake Factory presently has an average rating of “Hold” and an average price target of $49.44.
Cheesecake Factory opened at $50.49 on Friday, MarketBeat reports. The firm has a market capitalization of $2.33 billion, a P/E ratio of 19.42, a PEG ratio of 1.32 and a beta of 0.27. The company has a current ratio of 0.48, a quick ratio of 0.36 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 $60.13.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 22nd. Investors of record on Thursday, May 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, May 9th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 44.62%.
In related news, Chairman David Overton sold 93,300 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $51.93, for a total transaction of $4,845,069.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Debby R. Zurzolo sold 936 shares of the business’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $53.61, for a total transaction of $50,178.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,250 shares of company stock worth $7,052,986. 8.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Perennial Advisors LLC boosted its holdings in Cheesecake Factory by 123.1% during the fourth quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,600 shares during the last quarter. Darrell & King LLC purchased a new position in Cheesecake Factory in the first quarter valued at about $256,000. Bayesian Capital Management LP purchased a new position in Cheesecake Factory in the first quarter valued at about $212,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Cheesecake Factory by 328.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,435 shares of the restaurant operator’s stock valued at $214,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Cheesecake Factory in the fourth quarter valued at about $255,000. Institutional investors and hedge funds own 97.62% of the company’s stock.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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