Cheesecake Factory (CAKE) Expected to Announce Earnings on Wednesday

Cheesecake Factory (NASDAQ:CAKE) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Cheesecake Factory to post earnings of $0.91 per share and revenue of $912.73 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Cheesecake Factory Trading Down 1.9 %

NASDAQ CAKE opened at $51.98 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. Cheesecake Factory has a one year low of $33.05 and a one year high of $57.32. The stock’s 50-day moving average is $50.57 and its 200-day moving average is $44.63. The firm has a market cap of $2.65 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.33 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CAKE shares. Robert W. Baird upped their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wedbush raised their target price on shares of Cheesecake Factory from $52.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Stephens upped their price target on shares of Cheesecake Factory from $51.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Bank of America raised their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.93.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.