Equities analysts expect Cheesecake Factory Inc (NASDAQ:CAKE) to report $594.78 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Cheesecake Factory’s earnings, with the lowest sales estimate coming in at $587.18 million and the highest estimate coming in at $612.70 million. Cheesecake Factory reported sales of $571.82 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Cheesecake Factory will report full year sales of $2.36 billion for the current financial year, with estimates ranging from $2.35 billion to $2.38 billion. For the next year, analysts expect that the business will report sales of $2.45 billion, with estimates ranging from $2.42 billion to $2.51 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Cheesecake Factory.
Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $580.88 million during the quarter, compared to the consensus estimate of $585.44 million. Cheesecake Factory had a return on equity of 18.02% and a net margin of 6.02%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS.
In related news, insider Cheryl Slomann sold 7,500 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $49.21, for a total value of $369,075.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new position in shares of Cheesecake Factory during the second quarter worth about $156,000. NumerixS Investment Technologies Inc lifted its position in shares of Cheesecake Factory by 2,900.0% during the second quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock worth $168,000 after purchasing an additional 2,900 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Cheesecake Factory by 452.7% during the second quarter. Advisors Asset Management Inc. now owns 22,504 shares of the restaurant operator’s stock worth $202,000 after purchasing an additional 18,432 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Cheesecake Factory during the second quarter worth about $226,000. Finally, Commonwealth Bank of Australia bought a new position in shares of Cheesecake Factory during the third quarter worth about $256,000.
Shares of CAKE stock traded up $1.10 on Friday, reaching $50.25. 8,865 shares of the stock were exchanged, compared to its average volume of 964,285. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.40 and a beta of 0.33. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.03. Cheesecake Factory has a 1-year low of $43.26 and a 1-year high of $60.19.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Wednesday, November 14th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $1.32 annualized dividend and a yield of 2.63%. Cheesecake Factory’s dividend payout ratio is currently 50.77%.
About Cheesecake Factory
The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of August 21, 2018, it operated 215 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.
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