The Cheesecake Factory (CAKE) Releases Q2 Earnings Guidance

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

CAKE has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a hold rating and set a $57.00 price target on shares of The Cheesecake Factory in a research report on Friday, April 20th. Barclays upped their target price on The Cheesecake Factory from $48.00 to $52.00 and gave the company an equal weight rating in a research report on Thursday, April 26th. Zacks Investment Research cut The Cheesecake Factory from a buy rating to a hold rating in a report on Wednesday, February 7th. Morgan Stanley upped 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, April 26th. Finally, Telsey Advisory Group increased their price target on The Cheesecake Factory from $48.00 to $52.00 and gave the company a market perform rating in a research note on Thursday, April 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $49.44.

The Cheesecake Factory traded down $2.02, reaching $50.31, during mid-day trading on Friday, reports. 43,064 shares of the company’s stock traded hands, compared to its average volume of 1,095,001. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.48 and a quick ratio of 0.42. The company has a market cap of $2.38 billion, a PE ratio of 20.13, a P/E/G ratio of 1.35 and a beta of 0.27. The Cheesecake Factory has a 12-month low of $52.01 and a 12-month high of $52.82.

The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.12). The Cheesecake Factory had a net margin of 6.49% and a return on equity of 19.01%. The firm had revenue of $590.69 million for the quarter, compared to the consensus estimate of $583.76 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. analysts expect that The Cheesecake Factory will post 2.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Thursday, May 10th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $1.16 annualized dividend and a yield of 2.31%. The Cheesecake Factory’s dividend payout ratio (DPR) is presently 44.62%.

In other The Cheesecake Factory news, VP Debby R. Zurzolo sold 14,856 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $52.31, for a total transaction of $777,117.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cheryl Slomann sold 5,500 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $49.87, for a total transaction of $274,285.00. The disclosure for this sale can be found here. Insiders sold a total of 135,250 shares of company stock worth $7,052,986 over the last ninety days. 8.80% of the stock is currently owned by insiders.

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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