The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Research analysts at Oppenheimer Holdings lowered their FY2017 earnings estimates for shares of The Cheesecake Factory in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst B. Bittner now expects that the restaurant operator will earn $2.59 per share for the year, down from their previous forecast of $2.64. Oppenheimer Holdings also issued estimates for The Cheesecake Factory’s FY2018 earnings at $2.57 EPS.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The company had revenue of $555.40 million during the quarter, compared to analyst estimates of $566.09 million. The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS. ILLEGAL ACTIVITY NOTICE: “Oppenheimer Holdings Weighs in on The Cheesecake Factory Incorporated’s FY2017 Earnings (CAKE)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/oppenheimer-holdings-weighs-in-on-the-cheesecake-factory-incorporateds-fy2017-earnings-cake/1682323.html.

Several other research analysts have also weighed in on CAKE. Wedbush initiated coverage on shares of The Cheesecake Factory in a research note on Monday, July 10th. They issued an “outperform” rating and a $57.00 price objective on the stock. They noted that the move was a valuation call. Nomura initiated coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price objective on the stock. Instinet assumed coverage on shares of The Cheesecake Factory in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $50.00 price objective on the stock. Barclays PLC dropped their price target on shares of The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 19th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of The Cheesecake Factory in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.24.

The Cheesecake Factory (CAKE) opened at $43.46 on Monday. The firm has a market cap of $2,042.94, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.16 and a beta of 0.29. The Cheesecake Factory has a 12 month low of $38.34 and a 12 month high of $67.14.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.67%. The Cheesecake Factory’s payout ratio is presently 42.80%.

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in The Cheesecake Factory by 7.9% in the 1st quarter. Prudential Financial Inc. now owns 30,133 shares of the restaurant operator’s stock valued at $1,909,000 after purchasing an additional 2,204 shares during the period. OppenheimerFunds Inc. boosted its holdings in The Cheesecake Factory by 34.1% in the 1st quarter. OppenheimerFunds Inc. now owns 9,995 shares of the restaurant operator’s stock valued at $634,000 after purchasing an additional 2,541 shares during the period. FMR LLC boosted its holdings in The Cheesecake Factory by 445.8% in the 1st quarter. FMR LLC now owns 545,840 shares of the restaurant operator’s stock valued at $34,584,000 after purchasing an additional 445,840 shares during the period. PNC Financial Services Group Inc. boosted its holdings in The Cheesecake Factory by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 109 shares during the period. Finally, Legal & General Group Plc boosted its holdings in The Cheesecake Factory by 23.3% in the 1st quarter. Legal & General Group Plc now owns 28,648 shares of the restaurant operator’s stock valued at $1,814,000 after purchasing an additional 5,421 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

About The 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.

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

Receive News & Ratings for The Cheesecake Factory Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cheesecake Factory Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.