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

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) posted its quarterly earnings data on Tuesday. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11, Briefing.com reports. The firm had revenue of $865.50 million for the quarter, compared to analysts' expectations of $866.13 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS.

Cheesecake Factory Price Performance

Shares of CAKE stock traded up $3.81 during trading hours on Wednesday, hitting $46.67. The company had a trading volume of 3,308,760 shares, compared to its average volume of 955,776. Cheesecake Factory has a 12 month low of $29.27 and a 12 month high of $49.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The firm's fifty day moving average is $39.85 and its 200 day moving average is $38.30. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.13 and a beta of 1.49.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CAKE shares. Robert W. Baird increased their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, August 6th. Wedbush boosted their price objective on shares of Cheesecake Factory from $48.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday. Citigroup raised their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, Bank of America boosted their target price on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.17.

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.