The Cheesecake Factory Incorporated (NASDAQ:CAKE) posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04), Bloomberg Earnings reports. The business had revenue of $555.40 million for the quarter, compared to the consensus estimate of $566.09 million. The Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The Cheesecake Factory’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.
Shares of The Cheesecake Factory (NASDAQ:CAKE) remained flat at $$44.31 during trading hours on Friday. 1,160,000 shares of the stock were exchanged, compared to its average volume of 1,618,760. The Cheesecake Factory has a fifty-two week low of $38.34 and a fifty-two week high of $67.14. The company has a market cap of $2,028.73, a PE ratio of 16.23, a P/E/G ratio of 1.18 and a beta of 0.29. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.62%. The Cheesecake Factory’s dividend payout ratio is presently 42.80%.
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Several equities research analysts recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $65.00 price objective on shares of The Cheesecake Factory in a research note on Wednesday, July 26th. Barclays PLC dropped their price target on The Cheesecake Factory from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 19th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of The Cheesecake Factory in a research note on Monday, July 24th. BidaskClub lowered The Cheesecake Factory from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Nomura dropped their price target on The Cheesecake Factory from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.24.
In other The Cheesecake Factory news, Director Herbert Simon purchased 25,000 shares of The Cheesecake Factory stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $43.50 per share, for a total transaction of $1,087,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 25,730 shares of company stock worth $1,119,535. 8.40% of the stock is owned by company insiders.
The 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.
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