Equities research analysts forecast that Cheesecake Factory Inc (NASDAQ:CAKE) will announce earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Cheesecake Factory’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.53. Cheesecake Factory posted earnings of $0.60 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, February 19th.

On average, analysts expect that Cheesecake Factory will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.69. For the next year, analysts expect that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.58 to $2.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Cheesecake Factory.

A number of equities research analysts have recently issued reports on CAKE shares. Stephens dropped their target price on shares of Cheesecake Factory from $55.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Wedbush set a $40.00 price target on shares of Cheesecake Factory and gave the stock a “hold” rating in a research note on Friday, October 25th. Deutsche Bank restated a “hold” rating and set a $43.00 price target on shares of Cheesecake Factory in a research report on Thursday, October 31st. Morgan Stanley cut shares of Cheesecake Factory from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $44.00 to $38.00 in a research note on Friday, January 17th. Finally, Goldman Sachs Group initiated coverage on shares of Cheesecake Factory in a report on Thursday, December 12th. They issued a “neutral” rating and a $41.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.38.

CAKE stock traded up $0.36 during midday trading on Friday, reaching $40.31. The stock had a trading volume of 437,913 shares. Cheesecake Factory has a 52-week low of $35.83 and a 52-week high of $51.15. The company’s fifty day simple moving average is $39.22 and its 200 day simple moving average is $40.41.

Hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its position in Cheesecake Factory by 84.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 45,408 shares of the restaurant operator’s stock worth $2,221,000 after purchasing an additional 20,815 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Cheesecake Factory in the 3rd quarter worth about $304,000. Boston Trust Walden Corp increased its stake in Cheesecake Factory by 7.8% during the 3rd quarter. Boston Trust Walden Corp now owns 504,784 shares of the restaurant operator’s stock worth $21,039,000 after buying an additional 36,394 shares in the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Cheesecake Factory by 47.1% during the third quarter. Virginia Retirement Systems ET AL now owns 30,600 shares of the restaurant operator’s stock valued at $1,275,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Bridge City Capital LLC lifted its position in shares of Cheesecake Factory by 27.7% in the third quarter. Bridge City Capital LLC now owns 27,560 shares of the restaurant operator’s stock valued at $1,149,000 after acquiring an additional 5,971 shares in the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Cheesecake Factory Company Profile

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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