Cheesecake Factory (NASDAQ:CAKE) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $2.54-2.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.67. Cheesecake Factory also updated its Q4 guidance to $0.58-0.62 EPS.

Several brokerages have recently issued reports on CAKE. BidaskClub raised shares of Cheesecake Factory from a hold rating to a buy rating in a report on Friday, November 16th. Loop Capital began coverage on shares of Cheesecake Factory in a report on Wednesday, October 24th. They set a hold rating and a $55.00 price target for the company. Maxim Group raised shares of Cheesecake Factory from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Wednesday, December 19th. ValuEngine downgraded shares of Cheesecake Factory from a buy rating to a hold rating in a report on Thursday, November 1st. Finally, Barclays downgraded shares of Cheesecake Factory from an equal weight rating to an underweight rating and reduced their price target for the company from $51.00 to $47.00 in a report on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $53.42.

CAKE stock traded down $0.12 during trading on Wednesday, hitting $46.38. The company had a trading volume of 1,625,400 shares, compared to its average volume of 738,997. The company has a market capitalization of $2.10 billion, a P/E ratio of 17.84, a PEG ratio of 1.22 and a beta of 0.36. Cheesecake Factory has a fifty-two week low of $41.63 and a fifty-two week high of $60.19. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.03.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $585.16 million during the quarter, compared to analyst estimates of $593.71 million. Cheesecake Factory had a return on equity of 18.02% and a net margin of 6.02%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. Equities analysts anticipate that Cheesecake Factory will post 2.44 EPS for the current year.

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About Cheesecake Factory

The Cheesecake Factory Incorporated operates restaurants in the United States. 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 November 20, 2018, it operated 217 company-owned restaurants, including 201 restaurants under The Cheesecake Factory brand; 14 restaurants under the Grand Lux Cafe brand; and 2 restaurants under the RockSugar Southeast Asian Kitchen brand, as well as 21 The Cheesecake Factory branded restaurants under licensing agreements internationally.

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