-$0.55 Earnings Per Share Expected for Cheesecake Factory Inc (NASDAQ:CAKE) This Quarter

Analysts forecast that Cheesecake Factory Inc (NASDAQ:CAKE) will report ($0.55) earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have issued estimates for Cheesecake Factory’s earnings, with the lowest EPS estimate coming in at ($0.94) and the highest estimate coming in at ($0.10). Cheesecake Factory posted earnings of $0.59 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 193.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 3rd.

On average, analysts expect that Cheesecake Factory will report full year earnings of ($1.72) per share for the current year, with EPS estimates ranging from ($2.39) to ($0.93). For the next fiscal year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.32 to $1.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported ($0.87) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.20. Cheesecake Factory had a net margin of 0.20% and a return on equity of 1.43%. The business had revenue of $295.85 million during the quarter, compared to the consensus estimate of $309.57 million. During the same quarter last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was down 50.9% compared to the same quarter last year.

A number of research firms have recently weighed in on CAKE. Morgan Stanley raised their price target on shares of Cheesecake Factory from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. downgraded shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $23.00 price target for the company. in a research report on Wednesday, June 24th. Credit Suisse Group started coverage on shares of Cheesecake Factory in a research report on Thursday, July 9th. They set a “neutral” rating and a $24.00 price target for the company. Wells Fargo & Co lifted their price objective on shares of Cheesecake Factory from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Finally, Stephens lifted their price objective on shares of Cheesecake Factory from $15.00 to $18.00 and gave the stock an “underweight” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $28.80.

CAKE stock opened at $24.00 on Friday. Cheesecake Factory has a twelve month low of $14.52 and a twelve month high of $45.24. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $1.09 billion, a P/E ratio of -100.00 and a beta of 1.39. The firm has a 50 day simple moving average of $22.82 and a 200-day simple moving average of $26.24.

Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC boosted its holdings in shares of Cheesecake Factory by 1.4% in the fourth quarter. Mason Street Advisors LLC now owns 21,841 shares of the restaurant operator’s stock valued at $849,000 after acquiring an additional 307 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Cheesecake Factory by 4.6% in the fourth quarter. Amalgamated Bank now owns 8,175 shares of the restaurant operator’s stock valued at $318,000 after acquiring an additional 357 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Cheesecake Factory by 2.8% in the fourth quarter. Baird Financial Group Inc. now owns 14,644 shares of the restaurant operator’s stock valued at $569,000 after acquiring an additional 397 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Cheesecake Factory by 77.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,581 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 688 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Cheesecake Factory by 1.2% in the first quarter. Swiss National Bank now owns 82,200 shares of the restaurant operator’s stock valued at $1,404,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated engages in the operation of restaurants. 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 April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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

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