Wall Street brokerages forecast that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will report sales of $564.23 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for The Cheesecake Factory’s earnings, with the lowest sales estimate coming in at $548.51 million and the highest estimate coming in at $573.30 million. The Cheesecake Factory reported sales of $560.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The company is expected to announce its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that The Cheesecake Factory will report full-year sales of $564.23 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.31 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.36 billion per share, with estimates ranging from $2.33 billion to $2.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $569.87 million during the quarter, compared to analyst estimates of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share.

Several research firms have recently weighed in on CAKE. Canaccord Genuity reaffirmed a “hold” rating and set a $60.00 target price on shares of The Cheesecake Factory in a report on Friday, June 16th. BidaskClub lowered shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Instinet began coverage on shares of The Cheesecake Factory in a report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 target price for the company. Barclays PLC reaffirmed an “equal weight” rating and set a $48.00 target price (down from $53.00) on shares of The Cheesecake Factory in a report on Thursday, August 3rd. Finally, Robert W. Baird set a $49.00 target price on shares of The Cheesecake Factory and gave the company a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $54.78.

The Cheesecake Factory (CAKE) opened at 44.94 on Friday. The Cheesecake Factory has a 52-week low of $44.02 and a 52-week high of $67.14. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.72 and a beta of 0.31. The firm has a 50 day moving average of $48.76 and a 200-day moving average of $57.67.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Wednesday, August 16th will be paid a $0.29 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.58%. This is a boost from The Cheesecake Factory’s previous quarterly dividend of $0.24. The Cheesecake Factory’s dividend payout ratio (DPR) is currently 33.68%.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,000 shares of The Cheesecake Factory stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $59.15, for a total transaction of $354,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 395 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 968 shares during the period. Parallel Advisors LLC boosted its stake in shares of The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 235 shares during the period. Tyers Asset Management LLC boosted its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 22 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of The Cheesecake Factory by 17.6% in the second 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. 96.40% of the stock is currently owned by institutional investors.

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

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