Cheesecake Factory Inc (NASDAQ:CAKE) – Analysts at Oppenheimer lifted their FY2018 earnings per share estimates for Cheesecake Factory in a research report issued to clients and investors on Thursday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $2.83 per share for the year, up from their prior estimate of $2.57.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Cheesecake Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Wedbush downgraded Cheesecake Factory from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $52.00 to $44.00 in a report on Tuesday, September 26th. BTIG Research restated a “buy” rating and issued a $50.00 price target on shares of Cheesecake Factory in a report on Wednesday, September 20th. Nomura lowered their price target on Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Finally, Maxim Group lowered their price target on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Cheesecake Factory has an average rating of “Hold” and an average price target of $48.56.

Shares of Cheesecake Factory (NASDAQ:CAKE) traded down $0.18 during trading on Monday, hitting $47.24. The company’s stock had a trading volume of 1,190,000 shares, compared to its average volume of 1,160,000. Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $67.14. The company has a market capitalization of $2,160.00, a P/E ratio of 17.43, a P/E/G ratio of 1.31 and a beta of 0.33. The company has a quick ratio of 0.37, a current ratio of 0.51 and a debt-to-equity ratio of 0.05.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. The business had revenue of $555.40 million during the quarter, compared to the consensus estimate of $566.09 million. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Cheesecake Factory by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,510 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 26 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Cheesecake Factory by 0.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,704 shares of the restaurant operator’s stock valued at $371,000 after purchasing an additional 55 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Cheesecake Factory by 0.3% during the second quarter. Mutual of America Capital Management LLC now owns 35,914 shares of the restaurant operator’s stock valued at $1,806,000 after purchasing an additional 124 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Cheesecake Factory by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 34,552 shares of the restaurant operator’s stock valued at $1,738,000 after purchasing an additional 126 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Cheesecake Factory by 3.4% during the second quarter. Amalgamated Bank now owns 6,433 shares of the restaurant operator’s stock valued at $324,000 after purchasing an additional 211 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Herbert Simon purchased 25,000 shares of Cheesecake Factory stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $43.50 per share, with a total value of $1,087,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Debby R. Zurzolo sold 2,415 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $44.20, for a total value of $106,743.00. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

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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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