Wall Street brokerages expect The Cheesecake Factory Incorporated (NASDAQ:CAKE) to post sales of $718.85 million for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for The Cheesecake Factory’s earnings, with estimates ranging from $651.80 million to $767.90 million. The Cheesecake Factory reported sales of $295.85 million in the same quarter last year, which indicates a positive year over year growth rate of 143%. The company is expected to issue its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that The Cheesecake Factory will report full year sales of $2.81 billion for the current year, with estimates ranging from $2.58 billion to $2.90 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.12 billion, with estimates ranging from $2.84 billion to $3.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Wednesday, April 28th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.26. The business had revenue of $627.40 million during the quarter, compared to analyst estimates of $596.42 million. The Cheesecake Factory had a negative return on equity of 8.77% and a negative net margin of 1.89%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share.

Several analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of The Cheesecake Factory from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 25th. Telsey Advisory Group increased their price objective on The Cheesecake Factory from $62.00 to $66.00 and gave the company a “market perform” rating in a research report on Thursday, April 29th. Morgan Stanley lifted their target price on The Cheesecake Factory from $41.00 to $45.00 and gave the stock an “underweight” rating in a report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft upped their target price on The Cheesecake Factory from $56.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on The Cheesecake Factory from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.65.

Shares of NASDAQ:CAKE traded up $0.20 during trading hours on Friday, hitting $62.09. 28,784 shares of the company’s stock traded hands, compared to its average volume of 936,237. The company’s fifty day simple moving average is $59.22 and its two-hundred day simple moving average is $45.66. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -45.51, a price-to-earnings-growth ratio of 2.70 and a beta of 1.68. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.69 and a current ratio of 0.76. The Cheesecake Factory has a 52 week low of $16.80 and a 52 week high of $65.81.

In related news, insider Cheryl Slomann sold 7,500 shares of The Cheesecake Factory stock in a transaction on Friday, April 30th. The stock was sold at an average price of $61.57, for a total transaction of $461,775.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Eliot Clark sold 4,000 shares of the business’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $58.29, for a total value of $233,160.00. Following the completion of the transaction, the chief financial officer now owns 18,370 shares in the company, valued at approximately $1,070,787.30. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Veriti Management LLC acquired a new position in The Cheesecake Factory in the fourth quarter worth approximately $61,000. Nisa Investment Advisors LLC raised its holdings in shares of The Cheesecake Factory by 38.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,435 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 680 shares in the last quarter. Jeppson Wealth Management LLC bought a new stake in The Cheesecake Factory in the third quarter worth $95,000. Alpha DNA Investment Management LLC acquired a new position in The Cheesecake Factory during the fourth quarter worth $131,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in The Cheesecake Factory by 72.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,575 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates restaurants. The company produces cheesecakes and other baked products for its restaurants, international licensees, and third-party bakery customers, as well as external foodservice operators, retailers, and distributors. It owns and operates 294 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 27 The Cheesecake Factory restaurants under licensing agreements internationally.

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

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