Analysts forecast that Cheesecake Factory Inc (NASDAQ:CAKE) will announce earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Cheesecake Factory’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.80. Cheesecake Factory posted earnings of $0.65 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.2%. The business is scheduled to issue its next earnings results on Tuesday, July 30th.

On average, analysts expect that Cheesecake Factory will report full-year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.68. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.81 per share, with EPS estimates ranging from $2.65 to $2.94. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Cheesecake Factory.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $599.48 million for the quarter, compared to the consensus estimate of $603.03 million. Cheesecake Factory had a return on equity of 19.54% and a net margin of 4.24%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share.

A number of analysts have commented on the company. Raymond James set a $56.00 price target on Cheesecake Factory and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays upped their price target on Cheesecake Factory from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Wedbush upped their price target on Cheesecake Factory from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Maxim Group restated a “buy” rating and issued a $63.00 price target (up previously from $60.00) on shares of Cheesecake Factory in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $54.00 price target (up previously from $52.00) on shares of Cheesecake Factory in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.67.

Shares of NASDAQ:CAKE traded down $1.00 during midday trading on Friday, reaching $44.82. 1,140,524 shares of the company’s stock traded hands, compared to its average volume of 776,288. The company has a market cap of $2.03 billion, a P/E ratio of 18.44, a PEG ratio of 1.40 and a beta of 0.35. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.35 and a quick ratio of 0.26. Cheesecake Factory has a one year low of $41.63 and a one year high of $60.19.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Thursday, May 16th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, May 15th. Cheesecake Factory’s dividend payout ratio is currently 54.32%.

In other news, Director Laurence B. Mindel purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of $47.50 per share, for a total transaction of $95,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Cheryl Slomann sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.36, for a total value of $46,360.00. The disclosure for this sale can be found here. Insiders have purchased 5,326 shares of company stock valued at $255,309 in the last quarter. 8.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of CAKE. Advisory Services Network LLC lifted its stake in shares of Cheesecake Factory by 379.3% in the 1st quarter. Advisory Services Network LLC now owns 647 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 512 shares during the last quarter. Lindbrook Capital LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $34,000. Omnia Family Wealth LLC lifted its stake in shares of Cheesecake Factory by 335.6% in the 1st quarter. Omnia Family Wealth LLC now owns 980 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 755 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Cheesecake Factory by 1,134.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,012 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 930 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $51,000. 98.26% of the stock is owned by institutional investors and hedge funds.

About Cheesecake Factory

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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