Wall Street brokerages predict that Cheesecake Factory Inc (NASDAQ:CAKE) will announce sales of $580.97 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Cheesecake Factory’s earnings. The lowest sales estimate is $572.12 million and the highest is $586.98 million. Cheesecake Factory reported sales of $563.43 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Cheesecake Factory will report full year sales of $580.97 million for the current financial year, with estimates ranging from $2.32 billion to $2.36 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.41 billion per share, with estimates ranging from $2.38 billion to $2.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Cheesecake Factory.
Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The company had revenue of $571.80 million during the quarter, compared to the consensus estimate of $567.80 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis.
Shares of Cheesecake Factory (NASDAQ:CAKE) opened at $48.52 on Monday. The firm has a market capitalization of $2,221.50, a price-to-earnings ratio of 14.75, a PEG ratio of 1.23 and a beta of 0.33. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, February 27th. Cheesecake Factory’s payout ratio is 35.26%.
A number of hedge funds and other institutional investors have recently modified their holdings of CAKE. Kayne Anderson Rudnick Investment Management LLC raised its stake in Cheesecake Factory by 54.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,457,364 shares of the restaurant operator’s stock worth $103,504,000 after acquiring an additional 869,579 shares in the last quarter. First Trust Advisors LP raised its stake in Cheesecake Factory by 750.5% during the third quarter. First Trust Advisors LP now owns 580,508 shares of the restaurant operator’s stock worth $24,451,000 after acquiring an additional 512,255 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Cheesecake Factory by 207.7% during the third quarter. Epoch Investment Partners Inc. now owns 734,252 shares of the restaurant operator’s stock worth $30,926,000 after acquiring an additional 495,642 shares in the last quarter. Deutsche Bank AG raised its stake in Cheesecake Factory by 62.3% during the fourth quarter. Deutsche Bank AG now owns 1,006,212 shares of the restaurant operator’s stock worth $48,478,000 after acquiring an additional 386,415 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Cheesecake Factory during the fourth quarter worth about $15,393,000. 97.62% of the stock is owned by hedge funds and other institutional investors.
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About 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.
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