Cheesecake Factory (NASDAQ:CAKE) Releases Earnings Results, Beats Expectations By $0.13 EPS

Cheesecake Factory (NASDAQ:CAKE) announced its quarterly earnings data on Wednesday. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13, Zacks reports. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%.

Cheesecake Factory Stock Down 2.7 %

CAKE stock traded down $1.49 during trading on Wednesday, reaching $54.29. The stock had a trading volume of 3,076,542 shares, compared to its average volume of 1,378,591. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $50.88 and a 200 day moving average price of $45.18. The company has a market capitalization of $2.77 billion, a P/E ratio of 20.64, a PEG ratio of 1.28 and a beta of 1.51. Cheesecake Factory has a 1-year low of $33.05 and a 1-year high of $57.32.

Wall Street Analysts Forecast Growth

CAKE has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Stephens raised their price target on Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Raymond James upped their price objective on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, UBS Group raised their target price on shares of Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.93.

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.