Cheesecake Factory (NASDAQ:CAKE) Posts Earnings Results, Beats Estimates By $0.11 EPS

Cheesecake Factory (NASDAQ:CAKE) released its earnings results on Tuesday. The restaurant operator reported $0.58 earnings per share for the quarter, topping 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 the consensus estimate of $866.13 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Cheesecake Factory Stock Up 11.7 %

Shares of CAKE traded up $5.00 during mid-day 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 1 year low of $29.27 and a 1 year high of $49.75. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.26. The company 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 has a fifty day moving average of $39.85 and a 200 day moving average of $38.30.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAKE. Bank of America raised their target price on Cheesecake Factory from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their price objective on shares of Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group raised their target price on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a report on Friday, October 25th. Finally, Barclays upped their price target on Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cheesecake Factory presently has a consensus rating of “Hold” and an average 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.