Zacks: Brokerages Expect The Cheesecake Factory Incorporated (NASDAQ:CAKE) to Announce $0.69 EPS


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Wall Street brokerages expect that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will post earnings per share of $0.69 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for The Cheesecake Factory’s earnings. The highest EPS estimate is $1.07 and the lowest is $0.40. The Cheesecake Factory reported earnings per share of ($0.87) in the same quarter last year, which suggests a positive year over year growth rate of 179.3%. The business is expected to issue its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that The Cheesecake Factory will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $1.60 to $2.75. For the next year, analysts forecast that the company will report earnings of $2.99 per share, with EPS estimates ranging from $2.50 to $3.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, April 28th. The restaurant operator reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.26. The company had revenue of $627.40 million for the quarter, compared to the consensus estimate of $596.42 million. The Cheesecake Factory had a negative return on equity of 8.77% and a negative net margin of 1.89%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share.

A number of equities research analysts have weighed in on CAKE shares. Telsey Advisory Group lifted their price target on shares of The Cheesecake Factory from $62.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, April 29th. Wells Fargo & Company upped their price target on The Cheesecake Factory from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Credit Suisse Group lifted their price objective on The Cheesecake Factory from $47.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, April 29th. Deutsche Bank Aktiengesellschaft increased their target price on The Cheesecake Factory from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, April 29th. Finally, Zacks Investment Research upgraded shares of The Cheesecake Factory from a “hold” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $48.65.

In other The Cheesecake Factory news, CFO Matthew Eliot Clark sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $58.29, for a total transaction of $233,160.00. Following the transaction, the chief financial officer now owns 18,370 shares of the company’s stock, valued at $1,070,787.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cheryl Slomann sold 7,500 shares of the business’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $61.57, for a total value of $461,775.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in The Cheesecake Factory by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,037 shares of the restaurant operator’s stock worth $997,000 after purchasing an additional 300 shares during the period. Nisa Investment Advisors LLC lifted its position in The Cheesecake Factory by 38.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,435 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 680 shares during the period. Voya Financial Advisors Inc. increased its holdings in shares of The Cheesecake Factory by 5.8% in the fourth quarter. Voya Financial Advisors Inc. now owns 16,235 shares of the restaurant operator’s stock valued at $592,000 after purchasing an additional 889 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of The Cheesecake Factory by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 25,353 shares of the restaurant operator’s stock worth $940,000 after purchasing an additional 903 shares during the period. Finally, BOKF NA increased its stake in The Cheesecake Factory by 4.1% in the 1st quarter. BOKF NA now owns 23,285 shares of the restaurant operator’s stock valued at $1,362,000 after buying an additional 907 shares during the period. 93.07% of the stock is owned by institutional investors and hedge funds.

CAKE traded up $0.20 on Thursday, hitting $62.09. The company had a trading volume of 28,784 shares, compared to its average volume of 936,237. The company’s fifty day moving average price is $59.22 and its 200 day moving average price is $45.66. The Cheesecake Factory has a 1 year low of $16.80 and a 1 year high of $65.81. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.17. The firm has a market cap of $2.88 billion, a P/E ratio of -45.51, a PEG ratio of 2.70 and a beta of 1.68.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants. The company produces cheesecakes and other baked products for its restaurants, international licensees, and third-party bakery customers, as well as external foodservice operators, retailers, and distributors. It owns and operates 294 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 27 The Cheesecake Factory restaurants under licensing agreements internationally.

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

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