Cheesecake Factory (CAKE) to Release Quarterly Earnings on Wednesday

Cheesecake Factory (NASDAQ:CAKE) is anticipated to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.91 per share and revenue of $912.67 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Cheesecake Factory Price Performance

CAKE stock opened at $53.34 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The business has a 50 day simple moving average of $50.78 and a 200-day simple moving average of $45.04. The firm has a market capitalization of $2.72 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. Cheesecake Factory has a 1 year low of $33.05 and a 1 year high of $57.32.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CAKE shares. StockNews.com lowered Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Stephens increased their price objective on Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird increased their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer upgraded Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Tuesday, January 7th. Finally, Wedbush increased their price objective on Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.93.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.