Cheesecake Factory (NASDAQ:CAKE) Issues Quarterly Earnings Results

Cheesecake Factory (NASDAQ:CAKE) issued its earnings results on Wednesday. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 Price Performance

NASDAQ CAKE traded down $1.49 on Wednesday, reaching $54.29. 3,093,441 shares of the company’s stock traded hands, compared to its average volume of 1,378,591. The stock has a market cap of $2.77 billion, a PE ratio of 20.64, a P/E/G ratio of 1.28 and a beta of 1.51. Cheesecake Factory has a 12 month low of $33.05 and a 12 month high of $57.32. The stock has a 50-day simple moving average of $50.88 and a 200 day simple moving average of $45.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33.

Analyst Ratings Changes

CAKE has been the subject of several analyst reports. Stephens raised their price objective on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group lifted their price target on Cheesecake Factory from $36.00 to $41.00 and gave the company a “sell” rating in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price objective on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Barclays lifted their target price on Cheesecake Factory from $38.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price objective on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.