The Cheesecake Factory (CAKE) Issues Q2 Earnings Guidance

The Cheesecake Factory (NASDAQ:CAKE) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.78-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.81.

A number of analysts have recently issued reports on the company. Barclays boosted their target price on The Cheesecake Factory from $48.00 to $52.00 and gave the stock an equal weight rating in a report on Thursday. Morgan Stanley boosted their target price on The Cheesecake Factory from $49.00 to $51.00 and gave the stock an equal weight rating in a report on Thursday. Wedbush decreased their target price on The Cheesecake Factory from $55.00 to $52.50 and set a neutral rating for the company in a report on Thursday. Telsey Advisory Group reiterated a market perform rating and set a $52.00 target price (up previously from $48.00) on shares of The Cheesecake Factory in a report on Thursday. Finally, Canaccord Genuity reiterated a hold rating and set a $57.00 target price on shares of The Cheesecake Factory in a report on Friday, April 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $49.44.

NASDAQ CAKE traded up $1.14 on Thursday, reaching $52.06. The company had a trading volume of 2,761,190 shares, compared to its average volume of 1,108,219. The stock has a market cap of $2,314.99, a PE ratio of 20.12, a P/E/G ratio of 1.29 and a beta of 0.29. The Cheesecake Factory has a 1 year low of $38.34 and a 1 year high of $67.14. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.02.

The Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.12). The company had revenue of $590.69 million during the quarter, compared to analysts’ expectations of $583.76 million. The Cheesecake Factory had a return on equity of 20.30% and a net margin of 6.96%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. sell-side analysts anticipate that The Cheesecake Factory will post 2.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Thursday, May 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.23%. The Cheesecake Factory’s payout ratio is 44.62%.

In other The Cheesecake Factory news, insider Cheryl Slomann sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $49.87, for a total value of $274,285.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

About The Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of February 28, 2018, it operated 214 company-owned restaurants, including 199 restaurants under The Cheesecake Factory brand; 13 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 20 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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

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