Cheesecake Factory Inc(NASDAQ:CAKE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $603.146M. Analysts estimated a revenue of $595.650M. The revenues were 1.26% above the estimates. Earnings per share were $0.67. Analysts had estimated an EPS of $0.67.
Cheesecake Factory Inc (CAKE) shares turned negative on Wednesdays trading session with the shares closing down -0.57 points or -0.94% at a volume of 26,60,916. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $60.58. The peak price level was also seen at $60.58 while the days lowest was $59.49. Finally the shares closed at $60.1. The 52-week high of the shares is $64.41 while the 52-week low is $46.93. According to the latest information available, the market cap of the company is $2,851 M.
Several Insider Transactions has been reported to the SEC. On Feb 13, 2017, Debby R Zurzolo (Exec VP, Gen Counsel & Secy) sold 1,600 shares at $61.89 per share price.Also, On Nov 29, 2016, Cheryl Slomann (Principal Accounting Officer) sold 1,000 shares at $59.38 per share price.On Nov 23, 2016, David M Gordon (President) sold 15,000 shares at $59.30 per share price, according to the Form-4 filing with the securities and exchange commission.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities which produce desserts for its restaurants international licensees and third-party bakery customers. 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. Items produced for outside accounts are marketed under The Cheesecake Factory brand The Dream Factory brand The Cheesecake Factory Bakery brand and other private labels.