Cheesecake Factory Inc (NASDAQ:CAKE) – Analysts at Oppenheimer dropped their Q1 2018 earnings per share estimates for Cheesecake Factory in a report issued on Thursday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $0.67 per share for the quarter, down from their previous estimate of $0.72. Oppenheimer also issued estimates for Cheesecake Factory’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.61 EPS and FY2019 earnings at $2.82 EPS.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $567.80 million. Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS.
Several other equities research analysts have also weighed in on CAKE. Maxim Group reduced their price objective on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Canaccord Genuity reduced their price objective on Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Nomura reduced their price objective on Cheesecake Factory from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Morgan Stanley reduced their price objective on Cheesecake Factory from $48.00 to $44.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Cheesecake Factory has an average rating of “Hold” and an average price target of $48.18.
Shares of Cheesecake Factory (NASDAQ CAKE) opened at $48.52 on Friday. The firm has a market capitalization of $2,194.49, a price-to-earnings ratio of 14.75, a PEG ratio of 1.21 and a beta of 0.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. Cheesecake Factory has a one year low of $38.34 and a one year high of $67.14.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.39%. Cheesecake Factory’s payout ratio is currently 35.26%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC lifted its holdings in shares of Cheesecake Factory by 22.9% in the third quarter. Tiedemann Wealth Management LLC now owns 17,347 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 3,237 shares in the last quarter. Perennial Advisors LLC lifted its holdings in shares of Cheesecake Factory by 123.1% in the fourth quarter. Perennial Advisors LLC now owns 2,900 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 1,600 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cheesecake Factory in the second quarter valued at $205,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Cheesecake Factory by 328.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,435 shares of the restaurant operator’s stock worth $214,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Cheesecake Factory during the fourth quarter worth $255,000. Institutional investors own 97.62% of the company’s stock.
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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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