The Cheesecake Factory Incorporated (NASDAQ:CAKE) Forecasted to Post Q2 2022 Earnings of $0.78 Per Share

The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) – Equities researchers at Jefferies Financial Group lowered their Q2 2022 earnings per share (EPS) estimates for shares of Cheesecake Factory in a report issued on Thursday, April 28th. Jefferies Financial Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.80. Jefferies Financial Group also issued estimates for Cheesecake Factory’s Q3 2022 earnings at $0.77 EPS, Q4 2022 earnings at $0.92 EPS, FY2022 earnings at $2.93 EPS and FY2023 earnings at $3.72 EPS.

Several other research firms have also weighed in on CAKE. StockNews.com assumed coverage on shares of Cheesecake Factory in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Cheesecake Factory from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $65.00 to $44.00 in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Cheesecake Factory from $47.00 to $43.00 in a research note on Thursday. Stephens increased their price target on shares of Cheesecake Factory from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 17th. Finally, Citigroup assumed coverage on shares of Cheesecake Factory in a research note on Tuesday, April 12th. They issued a “buy” rating and a $52.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.07.

Cheesecake Factory stock opened at $37.61 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of 36.87, a P/E/G ratio of 1.53 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 firm’s 50 day moving average price is $37.95 and its two-hundred day moving average price is $39.45. Cheesecake Factory has a twelve month low of $31.43 and a twelve month high of $65.81.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Cheesecake Factory had a net margin of 2.47% and a return on equity of 37.60%. During the same quarter in the previous year, the company posted $0.20 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Wednesday, May 11th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, May 10th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Frontier Capital Management Co. LLC lifted its stake in Cheesecake Factory by 32.5% in the first quarter. Frontier Capital Management Co. LLC now owns 1,816,789 shares of the restaurant operator’s stock valued at $72,290,000 after buying an additional 445,208 shares in the last quarter. State Street Corp lifted its stake in Cheesecake Factory by 8.7% in the fourth quarter. State Street Corp now owns 1,655,718 shares of the restaurant operator’s stock valued at $64,821,000 after buying an additional 131,942 shares in the last quarter. Bamco Inc. NY lifted its stake in Cheesecake Factory by 31.7% in the third quarter. Bamco Inc. NY now owns 1,579,860 shares of the restaurant operator’s stock valued at $74,253,000 after buying an additional 379,860 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cheesecake Factory by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,001,790 shares of the restaurant operator’s stock valued at $39,221,000 after buying an additional 3,187 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Cheesecake Factory by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 818,673 shares of the restaurant operator’s stock valued at $32,051,000 after buying an additional 20,106 shares in the last quarter. 85.28% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Company Profile (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.

Recommended Stories

Earnings History and Estimates for Cheesecake Factory (NASDAQ:CAKE)

Receive News & Ratings for Cheesecake Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheesecake Factory and related companies with MarketBeat.com's FREE daily email newsletter.