Cheesecake Factory (NASDAQ:CAKE) announced its earnings results on Wednesday. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53, Bloomberg Earnings reports. The company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $567.80 million. Cheesecake Factory had a return on equity of 21.65% and a net margin of 5.76%. Cheesecake Factory’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Cheesecake Factory updated its Q1 guidance to $0.66-0.70 EPS and its FY18 guidance to $2.64-2.80 EPS.
Cheesecake Factory (NASDAQ:CAKE) traded up $0.61 during mid-day trading on Wednesday, reaching $46.22. The company’s stock had a trading volume of 2,302,061 shares, compared to its average volume of 1,082,534. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51. Cheesecake Factory has a twelve month low of $38.34 and a twelve month high of $67.14. The stock has a market capitalization of $2,130.39, a PE ratio of 17.06, a P/E/G ratio of 1.18 and a beta of 0.33.
CAKE has been the topic of several analyst reports. Wells Fargo & Co cut their target price on Cheesecake Factory from $46.00 to $43.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Nomura cut their target price on Cheesecake Factory from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Maxim Group cut their target price on Cheesecake Factory from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, Canaccord Genuity cut their target price on Cheesecake Factory from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.00.
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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.
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