Cheesecake Factory (NASDAQ:CAKE) Releases Earnings Results, Beats Expectations By $0.11 EPS

Cheesecake Factory (NASDAQ:CAKE) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $865.50 million during the quarter, compared to analysts’ expectations of $866.13 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.

Cheesecake Factory Stock Up 14.6 %

NASDAQ CAKE traded up $6.27 during mid-day trading on Wednesday, reaching $49.13. The stock had a trading volume of 554,492 shares, compared to its average volume of 942,660. The stock has a market cap of $2.50 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. Cheesecake Factory has a 1 year low of $29.27 and a 1 year high of $49.37. The company has a fifty day moving average price of $39.85 and a 200 day moving average price of $38.30.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Bank of America lifted their price target on shares of Cheesecake Factory from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Stephens boosted their price objective on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group lifted their price target on Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.92.

About Cheesecake Factory

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.