Cheesecake Factory (CAKE) to Release Earnings on Wednesday
Cheesecake Factory (NASDAQ:CAKE) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
Cheesecake Factory (NASDAQ:CAKE) opened at $45.21 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.51 and a quick ratio of 0.37. The stock has a market cap of $2,066.75, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.33. Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14.
CAKE has been the topic of several recent research reports. Barclays decreased their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Wells Fargo & Co decreased their price target on shares of Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. BidaskClub lowered shares of Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity decreased their price target on shares of Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Cheesecake Factory presently has a consensus rating of “Hold” and an average target price of $49.00.
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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