Brokers expect The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get a rating) to report earnings of $0.50 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts released earnings estimates for Cheesecake Factory, with the highest EPS estimate at $0.56 and the lowest estimate at $0.43. Cheesecake Factory reported earnings of $0.20 per share in the same quarter last year, which would indicate a positive growth rate of 150% year over year. The company is due to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Cheesecake Factory to report annual earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $3.15. For next year, analysts expect the company to post earnings of $3.49 per share, with EPS estimates ranging from $3.08 to $3.87. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts who track Cheesecake Factory.
Cheesecake Factory (NASDAQ: CAKE – Get a rating) last released its quarterly earnings data on Wednesday, February 16. The restaurateur reported earnings per share of $0.49 for the quarter, missing analyst consensus estimates of $0.59 per ($0.10). The company posted revenue of $776.69 million for the quarter, versus analyst estimates of $774.52 million. Cheesecake Factory achieved a net margin of 2.47% and a return on equity of 37.60%. The company’s revenue for the quarter increased by 40.1% compared to the same quarter last year. In the same period a year earlier, the company posted ($0.32) earnings per share.
A number of equity research analysts have weighed in on CAKE shares. Raymond James lowered his price target on Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a Wednesday, January 26 report. Piper Sandler downgraded Cheesecake Factory from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $65.00 to $44.00 in a Monday, Jan. 3, report. Morgan Stanley raised its price target on Cheesecake Factory from $38.00 to $39.00 and gave the company an “underweight” rating in a Thursday, February 17 report. Wedbush raised its price target on Cheesecake Factory from $49.00 to $52.00 and gave the stock an “outperform” rating in a Thursday, February 17 report. Finally, Stephens raised his price target on Cheesecake Factory from $47.00 to $52.00 and gave the stock an “overweight” rating in a Thursday, February 17 report. Two equity research analysts gave the stock a sell rating, six gave the company a hold rating and five gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.54.
NASDAQ CAKE traded at $1.28 during Monday’s trading, hitting $38.83. 946,635 shares of the company were traded, against an average volume of 961,419. The company has a debt ratio of 1.41, a quick ratio of 0.57 and a current ratio of 0.64. The stock’s 50-day moving average price is $38.09 and its two-hundred-day moving average price is $40.82. The company has a market capitalization of $2.05 billion, a price/earnings ratio of 38.07, a P/E/G ratio of 1.49 and a beta of 1.48. Cheesecake Factory has a 1-year low of $31.43 and a 1-year high of $65.81.
A number of large investors have recently bought and sold shares of CAKE. Spire Wealth Management increased its position in Cheesecake Factory shares by 1,743.2% during the 4th quarter. Spire Wealth Management now owns 682 shares of the restaurateur valued at $27,000 after acquiring 645 additional shares in the last quarter. Eagle Bay Advisors LLC increased its position in Cheesecake Factory shares by 97,000.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 971 shares of the restaurateur valued at $46,000 after acquiring 970 additional shares in the last quarter. Neo Ivy Capital Management purchased a new equity stake in Cheesecake Factory during Q4 for $44,000. Advisors Asset Management Inc. raised its position in shares of Cheesecake Factory by 30.1% during the 4th quarter. Advisors Asset Management Inc. now owns 1,365 shares of the restaurateur valued at $53,000 after acquiring 316 additional shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in Cheesecake Factory shares by 271.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurateur valued at $74,000 after acquiring 1,376 additional shares in the last quarter. 85.28% of the shares are currently held by hedge funds and other institutional investors.
About Cheesecake Factory (Get a rating)
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that manufacture cheesecakes and other baked goods for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers and distributors. The company owns and operates 306 restaurants in the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under international licensing agreements.
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