Cheesecake Factory (CAKE) Scheduled to Post Quarterly Earnings on Wednesday

Cheesecake Factory (NASDAQ:CAKEGet Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 27th. Analysts expect Cheesecake Factory to post earnings of $0.50 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.10). Cheesecake Factory had a net margin of 2.47% and a return on equity of 37.60%. The company had revenue of $776.69 million during the quarter, compared to analyst estimates of $774.52 million. During the same period in the prior year, the business earned ($0.32) EPS. Cheesecake Factory’s revenue for the quarter was up 40.1% on a year-over-year basis. On average, analysts expect Cheesecake Factory to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CAKE opened at $37.63 on Wednesday. Cheesecake Factory has a one year low of $31.43 and a one year high of $65.81. The company has a market cap of $1.99 billion, a P/E ratio of 36.89, a PEG ratio of 1.46 and a beta of 1.47. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.57 and a current ratio of 0.64. The business’s 50-day simple moving average is $38.39 and its 200-day simple moving average is $39.83.

Several hedge funds and other institutional investors have recently made changes to their positions in CAKE. Norges Bank purchased a new stake in Cheesecake Factory in the fourth quarter worth about $13,440,000. William Blair Investment Management LLC lifted its position in Cheesecake Factory by 72.3% during the fourth quarter. William Blair Investment Management LLC now owns 574,285 shares of the restaurant operator’s stock valued at $22,483,000 after purchasing an additional 240,965 shares during the period. Virtu Financial LLC bought a new position in Cheesecake Factory in the fourth quarter worth approximately $246,000. California State Teachers Retirement System raised its position in shares of Cheesecake Factory by 9.9% during the 4th quarter. California State Teachers Retirement System now owns 67,028 shares of the restaurant operator’s stock valued at $2,624,000 after purchasing an additional 6,035 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in Cheesecake Factory during the fourth quarter valued at $44,000. Institutional investors own 85.28% of the company’s stock.

Several analysts have recently commented on CAKE shares. Raymond James reduced their price target on Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, January 26th. Morgan Stanley cut their price target on Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, April 14th. Stephens upped their target price on Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 17th. StockNews.com initiated coverage on Cheesecake Factory in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wedbush increased their target price on Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.36.

About Cheesecake Factory (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout 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 licensing agreements internationally.

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Earnings History for Cheesecake Factory (NASDAQ:CAKE)

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