Cheesecake Factory Inc (NASDAQ:CAKE) – Research analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of Cheesecake Factory in a report released on Thursday. Oppenheimer analyst B. Bittner anticipates that the restaurant operator will post earnings per share of $0.72 for the quarter. Oppenheimer also issued estimates for Cheesecake Factory’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.63 EPS and FY2019 earnings at $2.98 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price target on shares of Cheesecake Factory in a report on Friday, November 3rd. Barclays lowered their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lowered their price target on shares of Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Finally, Nomura lowered their price target on shares of Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
Cheesecake Factory (NASDAQ CAKE) opened at $50.21 on Friday. The company has a market cap of $2,297.96, a P/E ratio of 18.53, a P/E/G ratio of 1.32 and a beta of 0.33. Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $67.14. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05.
Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The business had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $566.09 million. During the same quarter last year, the firm earned $0.70 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis.
In other news, Director Herbert Simon purchased 25,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average price of $43.50 per share, for a total transaction of $1,087,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Debby R. Zurzolo sold 2,306 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $44.75, for a total transaction of $103,193.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Tiedemann Wealth Management LLC boosted its position in Cheesecake Factory by 22.9% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 3,237 shares during the period. Victory Capital Management Inc. boosted its position in Cheesecake Factory by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,216 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 482 shares during the period. Riverhead Capital Management LLC boosted its position in Cheesecake Factory by 105.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,493 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 1,793 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Cheesecake Factory in the 2nd quarter valued at approximately $205,000. Finally, Advisors Asset Management Inc. boosted its position in Cheesecake Factory by 7.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,834 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 320 shares during the period. 97.47% of the stock is owned by institutional investors.
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Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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