Earnings Estimates Revision Screen: The Cheesecake Factory Incorporated (CAKE)
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 15:57
As concerns of stock price volatility, it was 1.89% for a week and 1.92% for a month. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.62, suggesting the market has given up on the stock. Guggenheim reaffirmed a "hold" rating on shares of The Cheesecake Factory in a research note on Thursday, March 31st. Canaccord Genuity reissued a "hold" rating and set a $54.00 price target on shares of The Cheesecake Factory in a research note on Friday, January 20th. Zacks Investment Research cut The Cheesecake Factory from a "hold" rating to a "sell" rating in a research note on Tuesday, February 7th. Maxim Group lifted their target price on The Cheesecake Factory from $57.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, October 27th. They noted that the move was a valuation call.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) was downgraded by analysts at Vetr from a "strong-buy" rating to a "buy" rating in a report issued on Monday. While the value investor may see an opportunity to scoop up the stock at lower levels, for now, the stock price is moving lower and may yet weaken further. The stock has a 50 day moving average price of $60.74 and a 200 day moving average price of $53.31. The company has a market cap of $3.02B and now has 86.83M shares outstanding.
Comparable restaurant sales at The Cheesecake Factory restaurants raised 1.1% in the fourth quarter of fiscal 2016 (14 weeks vs. 14 weeks).
The Cheesecake Factory Incorporated (NASDAQ:CAKE) to close at $60.10 by are easing down -0.94% with session volume was recorded 2.6 Million.
Revenue rose to $603.1 million from $526.8 million previous year, above the analyst consensus of %595.05 million. The firm's revenue for the quarter was up 14.5% on a year-over-year basis.
In terms of earnings per share, 17 analysts have a 0.73 EPS mean target for the quarter ending Mar-17, for the quarter ending Jun-17, 17 analysts have a 0.86 EPS mean target and for the quarter ending Jun-17 there are 20 estimates of 3.05 EPS. Shareholders of record on Wednesday, March 8th will be issued a $0.24 dividend.
On 10/26/2015 The Cheesecake Factory Incorporated announced a quarterly dividend of $0.20 1.61% with an ex dividend date of 11/5/2015 which will be payable on 11/23/2015. If you are reading this report on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/02/23/gsa-capital-partners-llp-sells-8454-shares-of-the-cheesecake-factory-incorporated-cake.html. The stock was sold at an average price of $59.38, for a total transaction of $59,380.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Principal Accounting Officer, SLOMANN CHERYL, sold 1,000 common shares of The Cheesecake Factory Incorporated (CAKE) in the open market. The shares were sold at an average price of $59.00, for a total transaction of $35,400.00. Following the sale, the insider now owns 11,089 shares of the company's stock, valued at approximately $658,464.82. The disclosure for this sale can be found here. California State Teachers Retirement System now owns 90,359 shares of the company's stock valued at $4,166,000 after buying an additional 1,400 shares in the last quarter. The stock grabbed 60 new institutional investments totaling 2,215,004 shares while 26 institutional investors sold out their entire positions totaling 816,163 shares. Barings LLC purchased a new stake in shares of The Cheesecake Factory during the fourth quarter valued at $222,000. Tyers Asset Management LLC bought a new position in shares of The Cheesecake Factory during the fourth quarter valued at about $125,000. BlackRock Fund Advisors boosted its position in shares of The Cheesecake Factory by 5.7% in the third quarter. The most recent short interest data show 18.47% of the company's stock are short sold. Can now owns 32,438 shares of the company's stock valued at $1,498,000 after buying an additional 1,687 shares in the last quarter. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries including to licensed The Cheesecake Factory restaurants. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark.