Cheesecake Factory (CAKE) Releases FY18 Earnings Guidance

Cheesecake Factory (NASDAQ:CAKE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.64-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.68. Cheesecake Factory also updated its Q1 guidance to $0.66-0.70 EPS.

Cheesecake Factory (CAKE) traded up $1.71 during trading on Friday, reaching $47.93. The company had a trading volume of 3,427,100 shares, compared to its average volume of 1,118,211. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. The stock has a market capitalization of $2,116.20, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.33.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Cheesecake Factory had a return on equity of 20.27% and a net margin of 6.96%. The business had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. equities research analysts predict that Cheesecake Factory will post 2.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, February 27th. Cheesecake Factory’s payout ratio is 35.26%.

CAKE has been the subject of several recent analyst reports. Barclays reduced their target price on Cheesecake Factory from $46.00 to $43.00 and set an equal weight rating for the company in a research report on Thursday, November 2nd. Zacks Investment Research cut Cheesecake Factory from a buy rating to a hold rating in a research report on Wednesday, February 7th. Wells Fargo & Co reduced their target price on Cheesecake Factory from $45.00 to $41.00 and set a market perform rating for the company in a research report on Tuesday, February 6th. BidaskClub cut Cheesecake Factory from a hold rating to a sell rating in a research report on Thursday, January 18th. Finally, Telsey Advisory Group cut Cheesecake Factory from an outperform rating to a market perform rating and set a $48.00 target price for the company. in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $48.18.

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Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.

Earnings History and Estimates for Cheesecake Factory (NASDAQ:CAKE)

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