Zacks: Brokerages Anticipate The Cheesecake Factory Incorporated (NASDAQ:CAKE) Will Post Earnings of $0.80 Per Share

Analysts forecast that The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) will announce earnings per share of $0.80 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cheesecake Factory’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.89. Cheesecake Factory also posted earnings per share of $0.80 in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cheesecake Factory will report full-year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.65 to $3.15. For the next financial year, analysts expect that the company will report earnings of $3.43 per share, with EPS estimates ranging from $3.00 to $3.87. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Cheesecake Factory had a net margin of 2.96% and a return on equity of 38.98%. During the same period last year, the firm posted $0.20 EPS.

A number of research firms recently issued reports on CAKE. Citigroup assumed coverage on Cheesecake Factory in a research report on Tuesday, April 12th. They set a “buy” rating and a $52.00 price objective for the company. Stephens raised 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. Raymond James cut their target price on Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, January 26th. StockNews.com assumed coverage on Cheesecake Factory in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Cheesecake Factory from $47.00 to $43.00 in a report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.92.

Institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management increased its stake in Cheesecake Factory by 1,743.2% during the fourth quarter. Spire Wealth Management now owns 682 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 645 shares during the period. Neo Ivy Capital Management bought a new position in Cheesecake Factory during the fourth quarter valued at about $44,000. Eagle Bay Advisors LLC increased its stake in Cheesecake Factory by 97,000.0% during the third quarter. Eagle Bay Advisors LLC now owns 971 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 970 shares during the period. Advisors Asset Management Inc. increased its stake in Cheesecake Factory by 30.1% during the fourth quarter. Advisors Asset Management Inc. now owns 1,365 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 316 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Cheesecake Factory by 271.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,883 shares of the restaurant operator’s stock valued at $74,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

CAKE opened at $36.04 on Monday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.45 and a beta of 1.41. Cheesecake Factory has a 1 year low of $31.43 and a 1 year high of $64.84. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $37.33 and a 200 day moving average price of $39.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 24th. Stockholders of record on Wednesday, May 11th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.00%.

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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