FY2022 Earnings Estimate for The Cheesecake Factory Incorporated Issued By William Blair (NASDAQ:CAKE)

The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) – Analysts at William Blair reduced their FY2022 EPS estimates for Cheesecake Factory in a research note issued to investors on Tuesday, October 18th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $2.00 for the year, down from their previous forecast of $2.03. The consensus estimate for Cheesecake Factory’s current full-year earnings is $2.04 per share. William Blair also issued estimates for Cheesecake Factory’s Q4 2022 earnings at $0.74 EPS and FY2023 earnings at $2.80 EPS.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last posted its earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.26). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The business had revenue of $832.60 million during the quarter, compared to the consensus estimate of $836.64 million. During the same period in the previous year, the business posted $0.80 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

A number of other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Cheesecake Factory from $35.00 to $31.00 in a report on Thursday, July 28th. UBS Group lowered their price target on shares of Cheesecake Factory from $42.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 26th. StockNews.com started coverage on Cheesecake Factory in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Piper Sandler reduced their price target on shares of Cheesecake Factory from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Citigroup lifted their price objective on Cheesecake Factory from $39.00 to $40.00 in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.00. Cheesecake Factory Stock Down 0.9 %

CAKE opened at $32.53 on Thursday. Cheesecake Factory has a twelve month low of $26.05 and a twelve month high of $47.17. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average price of $31.70 and a 200-day moving average price of $31.70. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.88 and a beta of 1.34.

Cheesecake Factory Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Wednesday, August 10th were paid a $0.27 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 3.32%. Cheesecake Factory’s dividend payout ratio is presently 66.26%.

Institutional Trading of Cheesecake Factory

Several institutional investors have recently modified their holdings of CAKE. Tcwp LLC purchased a new position in shares of Cheesecake Factory during the 1st quarter worth $43,000. Lindbrook Capital LLC boosted its holdings in shares of Cheesecake Factory by 996.6% in the 1st quarter. Lindbrook Capital LLC now owns 2,599 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 2,362 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Cheesecake Factory during the first quarter worth about $146,000. Quantbot Technologies LP increased its position in Cheesecake Factory by 356.8% during the second quarter. Quantbot Technologies LP now owns 3,965 shares of the restaurant operator’s stock worth $104,000 after buying an additional 3,097 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Cheesecake Factory by 12.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,036 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 461 shares during the period. Institutional investors and hedge funds own 84.62% of the company’s stock.

About Cheesecake Factory

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The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

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