Oppenheimer Comments on The Cheesecake Factory Incorporated’s FY2022 Earnings (NASDAQ:CAKE)

The Cheesecake Factory Incorporated (NASDAQ:CAKEGet Rating) – Equities researchers at Oppenheimer reduced their FY2022 earnings per share (EPS) estimates for Cheesecake Factory in a note issued to investors on Thursday, April 28th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will earn $2.86 per share for the year, down from their previous estimate of $2.95. Oppenheimer also issued estimates for Cheesecake Factory’s Q4 2022 earnings at $0.87 EPS.

Cheesecake Factory (NASDAQ:CAKEGet Rating) last issued its quarterly earnings data 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 return on equity of 40.32% and a net margin of 2.96%. During the same period in the prior year, the business posted $0.20 earnings per share.

Several other brokerages have also commented on CAKE. Morgan Stanley cut their price objective on Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, April 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Cheesecake Factory from $47.00 to $43.00 in a research report on Thursday. Wedbush lifted their target price on Cheesecake Factory from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 17th. StockNews.com initiated coverage on Cheesecake Factory in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Stephens boosted their price objective on Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.92.

Shares of CAKE opened at $36.91 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.64 and a quick ratio of 0.57. Cheesecake Factory has a one year low of $31.43 and a one year high of $64.84. The firm has a market capitalization of $1.95 billion, a P/E ratio of 24.61, a PEG ratio of 1.52 and a beta of 1.47. The business has a fifty day moving average of $37.83 and a 200 day moving average of $39.32.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Wednesday, May 11th will be given a $0.27 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.93%.

Several large investors have recently bought and sold shares of CAKE. Frontier Capital Management Co. LLC lifted its position in shares of Cheesecake Factory by 204.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,371,581 shares of the restaurant operator’s stock worth $53,697,000 after buying an additional 921,127 shares in the last quarter. Castle Hook Partners LP bought a new stake in Cheesecake Factory during the third quarter worth approximately $30,051,000. Scopia Capital Management LP bought a new stake in Cheesecake Factory during the third quarter worth approximately $24,702,000. Bamco Inc. NY increased its stake in Cheesecake Factory by 31.7% during the third quarter. Bamco Inc. NY now owns 1,579,860 shares of the restaurant operator’s stock worth $74,253,000 after acquiring an additional 379,860 shares during the last quarter. Finally, Norges Bank bought a new stake in Cheesecake Factory during the fourth quarter worth approximately $13,440,000. Institutional investors own 85.28% of the company’s stock.

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.

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

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