Equities analysts predict that Cheesecake Factory Inc (NASDAQ:CAKE) will report $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Cheesecake Factory’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.60. Cheesecake Factory posted earnings of $0.53 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17%. The business is scheduled to announce its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Cheesecake Factory will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.46. For the next year, analysts expect that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The firm had revenue of $580.88 million during the quarter, compared to analysts’ expectations of $585.44 million. Cheesecake Factory had a net margin of 6.02% and a return on equity of 18.02%. Cheesecake Factory’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS.

Several analysts have recently issued reports on CAKE shares. UBS Group cut shares of Cheesecake Factory from a “buy” rating to a “neutral” rating in a research note on Monday, October 15th. Barclays lowered their price objective on shares of Cheesecake Factory from $54.00 to $51.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 31st. BidaskClub cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Jefferies Financial Group reissued a “hold” rating and set a $50.00 price objective on shares of Cheesecake Factory in a research note on Wednesday, August 1st. Finally, Robert W. Baird boosted their price objective on shares of Cheesecake Factory from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. Cheesecake Factory has an average rating of “Hold” and a consensus price target of $52.67.

In related news, insider Cheryl Slomann sold 1,005 shares of Cheesecake Factory stock in a transaction on Monday, August 27th. The shares were sold at an average price of $52.94, for a total transaction of $53,204.70. Following the transaction, the insider now owns 12,106 shares in the company, valued at approximately $640,891.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edie A. Ames bought 500 shares of Cheesecake Factory stock in a transaction that occurred on Wednesday, August 22nd. The shares were acquired at an average price of $52.83 per share, for a total transaction of $26,415.00. Following the acquisition, the director now directly owns 1,430 shares in the company, valued at approximately $75,546.90. The disclosure for this purchase can be found here. Insiders own 8.80% of the company’s stock.

Several large investors have recently bought and sold shares of CAKE. Itau Unibanco Holding S.A. acquired a new position in shares of Cheesecake Factory during the 2nd quarter valued at $156,000. NumerixS Investment Technologies Inc lifted its holdings in Cheesecake Factory by 2,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock worth $168,000 after buying an additional 2,900 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Cheesecake Factory by 452.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock worth $202,000 after buying an additional 18,432 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Cheesecake Factory in the 2nd quarter worth $226,000. Finally, Commonwealth Bank of Australia acquired a new position in Cheesecake Factory in the 3rd quarter worth $256,000.

Shares of NASDAQ CAKE opened at $47.91 on Friday. Cheesecake Factory has a 52-week low of $43.26 and a 52-week high of $60.19. The firm has a market cap of $2.17 billion, a PE ratio of 18.43, a P/E/G ratio of 1.36 and a beta of 0.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.45 and a quick ratio of 0.33.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 13th. This represents a $1.32 annualized dividend and a dividend yield of 2.76%. Cheesecake Factory’s payout ratio is 50.77%.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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

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