Analysts expect that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will post earnings per share (EPS) of $0.61 for the current quarter, according to Zacks. Eight analysts have provided estimates for The Cheesecake Factory’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.60. The Cheesecake Factory reported earnings of $0.70 per share during the same quarter last year, which suggests a negative year over year growth rate of 12.9%. The business is expected to report its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that The Cheesecake Factory will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.70. For the next financial year, analysts expect that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.54 to $3.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $569.87 million during the quarter, compared to analysts’ expectations of $573.12 million. The Cheesecake Factory had a net margin of 6.10% and a return on equity of 22.92%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share.

Several research firms have recently commented on CAKE. Canaccord Genuity restated a “hold” rating and set a $60.00 price target on shares of The Cheesecake Factory in a research report on Friday, June 16th. BidaskClub lowered shares of The Cheesecake Factory from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Instinet began coverage on shares of The Cheesecake Factory in a research report on Wednesday, July 12th. They set a “neutral” rating and a $50.00 price target for the company. Barclays PLC restated an “equal weight” rating and set a $48.00 price target (down previously from $53.00) on shares of The Cheesecake Factory in a research report on Thursday, August 3rd. Finally, Robert W. Baird set a $49.00 price target on shares of The Cheesecake Factory and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The Cheesecake Factory currently has an average rating of “Hold” and a consensus target price of $54.78.

The Cheesecake Factory (NASDAQ:CAKE) traded up 0.02% during mid-day trading on Wednesday, hitting $44.94. 1,030,596 shares of the stock were exchanged. The company has a 50-day moving average price of $49.50 and a 200-day moving average price of $58.08. The company has a market cap of $2.07 billion, a P/E ratio of 15.72 and a beta of 0.31. The Cheesecake Factory has a one year low of $44.02 and a one year high of $67.14.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Wednesday, August 16th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.58%. This is an increase from The Cheesecake Factory’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, August 14th. The Cheesecake Factory’s dividend payout ratio is presently 33.68%.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 6,424 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $59.09, for a total value of $379,594.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Cheesecake Factory by 32.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,621 shares of the restaurant operator’s stock worth $103,000 after buying an additional 395 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of The Cheesecake Factory by 13.5% in the first quarter. Parallel Advisors LLC now owns 1,974 shares of the restaurant operator’s stock worth $132,000 after buying an additional 235 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of The Cheesecake Factory by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,056 shares of the restaurant operator’s stock worth $130,000 after buying an additional 968 shares during the last quarter. Tyers Asset Management LLC increased its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,112 shares of the restaurant operator’s stock worth $134,000 after buying an additional 22 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of The Cheesecake Factory by 1.1% in the first quarter. Flinton Capital Management LLC now owns 2,688 shares of the restaurant operator’s stock worth $170,000 after buying an additional 28 shares during the last quarter. 96.40% of the stock is owned by institutional investors.

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The Cheesecake Factory Company Profile

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

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