Cheesecake Factory Inc (NASDAQ:CAKE) – Investment analysts at Piper Jaffray Companies cut their Q1 2019 EPS estimates for shares of Cheesecake Factory in a research report issued on Wednesday, February 20th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will earn $0.59 per share for the quarter, down from their prior estimate of $0.62. Piper Jaffray Companies also issued estimates for Cheesecake Factory’s Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.64 EPS.
Several other equities research analysts also recently issued reports on CAKE. Maxim Group cut their target price on shares of Cheesecake Factory from $57.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Barclays cut their price objective on shares of Cheesecake Factory from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 31st. TheStreet downgraded shares of Cheesecake Factory from a “b” rating to a “c+” rating in a research report on Tuesday, October 30th. ValuEngine downgraded shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, BidaskClub upgraded shares of Cheesecake Factory from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. Cheesecake Factory currently has a consensus rating of “Hold” and a consensus target price of $53.09.
Shares of NASDAQ:CAKE opened at $47.53 on Friday. Cheesecake Factory has a 52-week low of $41.63 and a 52-week high of $60.19. The stock has a market capitalization of $2.21 billion, a P/E ratio of 19.56, a PEG ratio of 1.29 and a beta of 0.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.45 and a quick ratio of 0.33.
Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 20th. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Cheesecake Factory had a net margin of 4.21% and a return on equity of 18.78%. The firm had revenue of $585.16 million during the quarter, compared to analyst estimates of $593.71 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.78%. Cheesecake Factory’s payout ratio is 54.32%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in shares of Cheesecake Factory by 12.8% in the third quarter. Macquarie Group Ltd. now owns 1,940,959 shares of the restaurant operator’s stock valued at $103,919,000 after buying an additional 219,751 shares in the last quarter. Deutsche Bank AG raised its position in shares of Cheesecake Factory by 61.0% in the third quarter. Deutsche Bank AG now owns 219,054 shares of the restaurant operator’s stock valued at $11,726,000 after buying an additional 82,984 shares in the last quarter. Apertura Capital LLC acquired a new stake in shares of Cheesecake Factory in the fourth quarter valued at approximately $2,176,000. Nicola Wealth Management LTD. acquired a new stake in shares of Cheesecake Factory in the third quarter valued at approximately $2,945,000. Finally, Federated Investors Inc. PA raised its position in shares of Cheesecake Factory by 68.5% in the third quarter. Federated Investors Inc. PA now owns 17,441 shares of the restaurant operator’s stock valued at $934,000 after buying an additional 7,088 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.
Cheesecake Factory Company Profile
The Cheesecake Factory Incorporated operates restaurants in the United States. 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 November 20, 2018, it operated 217 company-owned restaurants, including 201 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.