The Cheesecake Factory Incorporated to Post Q2 2021 Earnings of $0.75 Per Share, William Blair Forecasts (NASDAQ:CAKE)

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Equities researchers at William Blair lifted their Q2 2021 earnings estimates for The Cheesecake Factory in a research report issued to clients and investors on Monday, July 19th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will earn $0.75 per share for the quarter, up from their previous forecast of $0.70. William Blair also issued estimates for The Cheesecake Factory’s Q3 2021 earnings at $0.65 EPS, Q4 2021 earnings at $0.73 EPS, FY2021 earnings at $2.31 EPS and FY2022 earnings at $3.26 EPS.

Other research analysts also recently issued reports about the company. Raymond James upgraded The Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Monday, July 12th. Stephens lowered their target price on The Cheesecake Factory from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 9th. Zacks Investment Research downgraded The Cheesecake Factory from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research note on Friday, June 4th. Credit Suisse Group lifted their price target on The Cheesecake Factory from $47.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, April 29th. Finally, Telsey Advisory Group lifted their price target on The Cheesecake Factory from $62.00 to $66.00 and gave the company a “market perform” rating in a research note on Thursday, April 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The Cheesecake Factory currently has a consensus rating of “Hold” and a consensus price target of $55.50.

Shares of CAKE stock opened at $51.79 on Tuesday. The company has a 50 day moving average of $54.98. The Cheesecake Factory has a twelve month low of $22.10 and a twelve month high of $65.81. The stock has a market cap of $2.41 billion, a P/E ratio of -15.94, a P/E/G ratio of 2.42 and a beta of 1.75. The company has a quick ratio of 0.55, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

The Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, April 28th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.26. The Cheesecake Factory had a negative return on equity of 20.30% and a negative net margin of 5.68%. The company had revenue of $627.40 million for the quarter, compared to the consensus estimate of $596.42 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 2.0% on a year-over-year basis.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of The Cheesecake Factory by 5.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,156,841 shares of the restaurant operator’s stock worth $243,217,000 after acquiring an additional 225,749 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of The Cheesecake Factory by 9.4% in the first quarter. Geode Capital Management LLC now owns 718,789 shares of the restaurant operator’s stock worth $42,056,000 after acquiring an additional 61,635 shares during the last quarter. Northern Trust Corp raised its holdings in shares of The Cheesecake Factory by 2.0% in the first quarter. Northern Trust Corp now owns 704,343 shares of the restaurant operator’s stock worth $41,212,000 after acquiring an additional 13,929 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of The Cheesecake Factory by 85.0% in the first quarter. Principal Financial Group Inc. now owns 685,759 shares of the restaurant operator’s stock worth $40,124,000 after acquiring an additional 315,060 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of The Cheesecake Factory by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 584,448 shares of the restaurant operator’s stock worth $21,660,000 after acquiring an additional 15,744 shares during the last quarter. 80.34% of the stock is owned by institutional investors.

In related news, CFO Matthew Eliot Clark sold 4,000 shares of The Cheesecake Factory stock in a transaction on Friday, May 7th. The stock was sold at an average price of $63.86, for a total transaction of $255,440.00. Following the completion of the transaction, the chief financial officer now directly owns 18,370 shares of the company’s stock, valued at $1,173,108.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $461,775.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,160 shares of company stock valued at $5,934,989. 8.70% of the stock is currently owned by insiders.

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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