Cheesecake Factory (NASDAQ:CAKE) Issues Earnings Results

Cheesecake Factory (NASDAQ:CAKE) released its quarterly earnings data on Tuesday. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11, Briefing.com reports. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The firm had revenue of $865.50 million during the quarter, compared to analysts’ expectations of $866.13 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock traded up $5.00 during trading on Wednesday, reaching $47.86. The company’s stock had a trading volume of 1,920,942 shares, compared to its average volume of 948,931. Cheesecake Factory has a one year low of $29.27 and a one year high of $49.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The business’s fifty day moving average price is $39.85 and its 200-day moving average price is $38.30.

Analyst Ratings Changes

A number of research firms have recently weighed in on CAKE. Stephens raised their price target on Cheesecake Factory from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wedbush lifted their target price on shares of Cheesecake Factory from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup boosted their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays raised their price target on shares of Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.00.

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.