Cheesecake Factory (NASDAQ:CAKE) Releases FY20 Earnings Guidance

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Cheesecake Factory (NASDAQ:CAKE) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.70-2.86 for the period, compared to the Thomson Reuters consensus estimate of $2.77. The company issued revenue guidance of ~$2.943 billion, compared to the consensus revenue estimate of $2.94 billion.Cheesecake Factory also updated its Q1 guidance to $0.69-0.74 EPS.

Several brokerages have commented on CAKE. UBS Group lowered their price objective on shares of Cheesecake Factory from $47.00 to $43.00 and set a neutral rating for the company in a report on Tuesday. Wedbush restated a hold rating and issued a $43.00 price objective (up from $42.00) on shares of Cheesecake Factory in a report on Thursday. BidaskClub downgraded shares of Cheesecake Factory from a sell rating to a strong sell rating in a research report on Tuesday, December 24th. Cfra reduced their price target on shares of Cheesecake Factory from $45.00 to $42.00 and set a hold rating for the company in a research report on Thursday. Finally, Stephens dropped their price target on shares of Cheesecake Factory from $55.00 to $48.00 and set an equal weight rating on the stock in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $44.93.

CAKE stock traded down $0.12 during mid-day trading on Friday, hitting $42.13. The company had a trading volume of 1,184,947 shares, compared to its average volume of 725,847. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.36 and a beta of 0.46. Cheesecake Factory has a 12-month low of $35.83 and a 12-month high of $51.15. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.43. The company has a 50-day moving average price of $39.47 and a 200 day moving average price of $40.31.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.03). The company had revenue of $694.03 million during the quarter, compared to analysts’ expectations of $671.79 million. Cheesecake Factory had a return on equity of 21.61% and a net margin of 5.13%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, analysts expect that Cheesecake Factory will post 2.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, March 6th. Cheesecake Factory’s payout ratio is currently 55.17%.

About Cheesecake Factory

The Cheesecake Factory Incorporated engages in the operation of restaurants. 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 April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Earnings History and Estimates for Cheesecake Factory (NASDAQ:CAKE)

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