Cheesecake Factory Inc (NASDAQ:CAKE) – Equities research analysts at Wedbush upped their Q1 2018 earnings per share (EPS) estimates for Cheesecake Factory in a note issued to investors on Thursday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.68. Wedbush also issued estimates for Cheesecake Factory’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.63 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.99 EPS.
Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. BTIG Research increased their price objective on shares of Cheesecake Factory to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Cheesecake Factory from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday. Telsey Advisory Group cut shares of Cheesecake Factory from an “outperform” rating to a “market perform” rating and set a $48.00 price objective for the company. in a research report on Thursday. Finally, Bank of America lowered their price objective on shares of Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday. Two 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’s stock. The company has an average rating of “Hold” and a consensus price target of $48.18.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. Cheesecake Factory had a net margin of 6.96% and a return on equity of 20.27%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Cheesecake Factory by 54.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator’s stock valued at $103,504,000 after purchasing an additional 869,579 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cheesecake Factory by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,729,444 shares of the restaurant operator’s stock valued at $83,324,000 after purchasing an additional 74,729 shares in the last quarter. State Street Corp raised its holdings in shares of Cheesecake Factory by 4.3% in the 2nd quarter. State Street Corp now owns 1,526,476 shares of the restaurant operator’s stock valued at $76,779,000 after purchasing an additional 63,301 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Cheesecake Factory by 2.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,488,457 shares of the restaurant operator’s stock valued at $71,714,000 after purchasing an additional 35,071 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cheesecake Factory by 8.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,322,377 shares of the restaurant operator’s stock valued at $55,698,000 after purchasing an additional 106,475 shares in the last quarter. Institutional investors and hedge funds own 97.62% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. Cheesecake Factory’s dividend payout ratio (DPR) is presently 35.26%.
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About Cheesecake Factory
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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