Cheesecake Factory (CAKE) Posts Earnings Results, Hits Expectations
Cheesecake Factory (NASDAQ:CAKE) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53, Bloomberg Earnings reports. The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $567.80 million. Cheesecake Factory had a return on equity of 20.27% and a net margin of 6.96%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Cheesecake Factory updated its Q1 guidance to $0.66-0.70 EPS and its FY18 guidance to $2.64-2.80 EPS.
Cheesecake Factory (NASDAQ CAKE) opened at $47.93 on Friday. The firm has a market capitalization of $2,116.20, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.33. Cheesecake Factory has a 52 week low of $38.34 and a 52 week high of $67.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.42%. Cheesecake Factory’s payout ratio is currently 35.26%.
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About Cheesecake Factory
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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