Cheesecake Factory (NASDAQ:CAKE) Issues Earnings Results, Beats Estimates By $0.10 EPS

Cheesecake Factory (NASDAQ:CAKE) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10, Briefing.com reports. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The firm had revenue of $891.22 million for the quarter, compared to analyst estimates of $890.49 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $33.97 on Thursday. The firm’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $33.97. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.12 and a beta of 1.48. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. Cheesecake Factory has a 1 year low of $28.58 and a 1 year high of $38.19.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio (DPR) is presently 52.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Cheesecake Factory from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lowered shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Tuesday, January 23rd. Oppenheimer restated a “market perform” rating on shares of Cheesecake Factory in a report on Thursday, February 22nd. Stephens reaffirmed an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a report on Friday, April 12th. Finally, Wedbush restated an “outperform” rating and issued a $40.00 price target on shares of Cheesecake Factory in a research note on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.27.

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.