Cheesecake Factory Inc (NASDAQ:CAKE) – Research analysts at Piper Jaffray Companies cut their Q4 2018 earnings per share estimates for shares of Cheesecake Factory in a research report issued to clients and investors on Tuesday, October 30th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.65. Piper Jaffray Companies also issued estimates for Cheesecake Factory’s Q2 2019 earnings at $0.81 EPS and Q4 2019 earnings at $0.68 EPS.
Several other research firms have also commented on CAKE. UBS Group lowered shares of Cheesecake Factory from a “buy” rating to a “neutral” rating in a research note on Monday, October 15th. BidaskClub upgraded shares of Cheesecake Factory from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 24th. Morgan Stanley cut their price target on shares of Cheesecake Factory from $51.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 1st. Barclays cut their price target on shares of Cheesecake Factory from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Cheesecake Factory from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. Seventeen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Cheesecake Factory has a consensus rating of “Hold” and an average target price of $52.93.
NASDAQ CAKE opened at $49.17 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.02 and a quick ratio of 0.38. The company has a market cap of $2.25 billion, a P/E ratio of 18.91, a PEG ratio of 1.40 and a beta of 0.33. Cheesecake Factory has a 52 week low of $41.75 and a 52 week high of $60.19.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $580.88 million during the quarter, compared to analyst estimates of $585.44 million. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. Cheesecake Factory’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.32 dividend on an annualized basis and a yield of 2.68%. Cheesecake Factory’s payout ratio is 50.77%.
In other news, insider Cheryl Slomann sold 1,005 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $52.94, for a total value of $53,204.70. Following the sale, the insider now owns 12,106 shares in the company, valued at $640,891.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edie A. Ames acquired 500 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was acquired at an average price of $52.83 per share, for a total transaction of $26,415.00. Following the purchase, the director now directly owns 1,430 shares of the company’s stock, valued at $75,546.90. The disclosure for this purchase can be found here. Corporate insiders own 8.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Cheesecake Factory in the second quarter worth $156,000. NumerixS Investment Technologies Inc increased its stake in shares of Cheesecake Factory by 2,900.0% in the second quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock worth $168,000 after acquiring an additional 2,900 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cheesecake Factory in the second quarter worth $226,000. Perennial Advisors LLC increased its stake in shares of Cheesecake Factory by 35.1% in the second quarter. Perennial Advisors LLC now owns 5,000 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 1,300 shares during the period. Finally, ELCO Management Co. LLC acquired a new stake in shares of Cheesecake Factory in the second quarter worth $279,000.
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 August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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