The Cheesecake Factory Incorporated (NASDAQ:CAKE) Expected to Post Quarterly Sales of $610.91 Million


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Wall Street brokerages expect that The Cheesecake Factory Incorporated (NASDAQ:CAKE) will announce sales of $610.91 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for The Cheesecake Factory’s earnings, with estimates ranging from $587.12 million to $627.90 million. The Cheesecake Factory reported sales of $694.03 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12%. The business is expected to announce its next earnings results on Wednesday, February 17th.

On average, analysts expect that The Cheesecake Factory will report full-year sales of $2.04 billion for the current financial year, with estimates ranging from $2.00 billion to $2.07 billion. For the next financial year, analysts forecast that the company will report sales of $2.66 billion, with estimates ranging from $2.59 billion to $2.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow The Cheesecake Factory.

The Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Thursday, October 29th. The restaurant operator reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.18. The business had revenue of $517.70 million for the quarter, compared to analysts’ expectations of $489.97 million. The Cheesecake Factory had a negative net margin of 1.89% and a negative return on equity of 8.77%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share.

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of The Cheesecake Factory from $30.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Argus raised shares of The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, November 10th. Deutsche Bank Aktiengesellschaft raised shares of The Cheesecake Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, November 9th. Piper Sandler lifted their price target on shares of The Cheesecake Factory from $30.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, September 18th. Finally, BidaskClub cut shares of The Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.74.

CAKE stock traded up $0.83 during midday trading on Wednesday, reaching $40.39. 905,563 shares of the company’s stock traded hands, compared to its average volume of 968,689. The company has a market capitalization of $1.84 billion, a P/E ratio of -29.70, a PEG ratio of 2.49 and a beta of 1.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.76 and a quick ratio of 0.69. The Cheesecake Factory has a fifty-two week low of $14.52 and a fifty-two week high of $43.00. The business has a 50-day moving average price of $37.48 and a two-hundred day moving average price of $30.51.

Large investors have recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in shares of The Cheesecake Factory in the second quarter worth $25,000. Valeo Financial Advisors LLC bought a new stake in shares of The Cheesecake Factory in the third quarter worth $28,000. Rockefeller Capital Management L.P. increased its stake in shares of The Cheesecake Factory by 327.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,393 shares of the restaurant operator’s stock worth $32,000 after buying an additional 1,067 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of The Cheesecake Factory by 475.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,755 shares of the restaurant operator’s stock worth $49,000 after buying an additional 1,450 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of The Cheesecake Factory by 127.5% in the second quarter. Advisors Asset Management Inc. now owns 2,728 shares of the restaurant operator’s stock worth $63,000 after buying an additional 1,529 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

The Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated engages in the operation of restaurants. As of February 26, 2020, it owned and operated 294 restaurants in the United States and Canada under the brands of The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 26 The Cheesecake Factory restaurants operated under licensing agreements internationally.

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

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