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Last $52.43 USD
Change Today +0.64 / 1.24%
Volume 370.4K
CAKE On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 3:56 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

cheesecake factory inc/the (CAKE) Snapshot

Open
$52.06
Previous Close
$51.79
Day High
$52.66
Day Low
$51.78
52 Week High
01/26/15 - $55.13
52 Week Low
10/23/14 - $42.00
Market Cap
2.6B
Average Volume 10 Days
547.4K
EPS TTM
$2.12
Shares Outstanding
48.8M
EX-Date
05/4/15
P/E TM
24.8x
Dividend
$0.66
Dividend Yield
1.26%
Current Stock Chart for CHEESECAKE FACTORY INC/THE (CAKE)

cheesecake factory inc/the (CAKE) Details

The Cheesecake Factory Incorporated operates full-service and casual dining restaurants. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. As of May 14, 2015, it operated 190 casual dining restaurants, including 178 restaurants under The Cheesecake Factory mark, 11 restaurants under the Grand Lux Cafe mark, and 1 restaurant under the RockSugar Pan Asian Kitchen mark in the United States and Puerto Rico, as well as operated 9 The Cheesecake Factory branded restaurants under licensing agreements internationally. The company was founded in 1972 and is based in Calabasas Hills, California.

35,700 Employees
Last Reported Date: 03/2/15
Founded in 1972

cheesecake factory inc/the (CAKE) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $994.1K
President
Total Annual Compensation: $520.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $481.7K
President of the Cheesecake Factory Bakery In...
Total Annual Compensation: $397.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $449.5K
Compensation as of Fiscal Year 2014.

cheesecake factory inc/the (CAKE) Key Developments

The Cheesecake Factory Opens its Newest Restaurant at Las Vegas North Premium Outlets

The Cheesecake Factory announced the opening of its newest restaurant at Las Vegas North Premium Outlets. With more than 250 menu selections including more than 50 lower calorie SkinnyLicious selections all handmade, in-house with fresh ingredients and more than 50 signature cheesecakes and desserts, The Cheesecake Factory's opening provides new choices for Las Vegas North Premium Outlets shoppers and area residents. The new restaurant is The Cheesecake Factorys fourth Las Vegas area location and includes the distinctive and contemporary décor that is as creative and imaginative as The Cheesecake Factory's extensive menu. Featuring French limestone floors and decorative columns, hand painted murals, and modern lighting, the approximately 9,900-square-foot restaurant accommodates approximately 295 guests. The Cheesecake Factory of Las Vegas North Premium Outlets will open at 11:00 a.m. Monday through Saturday, and 10:00 a.m. on Sunday. The restaurant is located at 505 South Grand Central Parkway, Suite 3201, Las Vegas, NV 89106.

The Cheesecake Factory Incorporated Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

The Cheesecake Factory Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenues were $518.0 million as compared to $481.4 million in the prior year first quarter. Net income and diluted net income per share were $28,423,000 and $0.56, respectively against $22,518,000 and $0.43, respectively in the first quarter of fiscal 2014. Income from operations was $41,054,000 against $33,073,000 last year. Income before income taxes was $39,159,000 against $31,682,000 last year. Cash flow from operations was approximately $65 million. Net of roughly $24 million of cash used for capital expenditures, the company generated about $41 million in free cash flow for the first quarter of the year. For the second quarter of 2015, the company estimates diluted earnings per share of between $0.59 and $0.62 based on an assumed range of comparable sales of between 1.5% and 2.5% at The Cheesecake Factory restaurants. The company expects some of the first quarter sales momentum to continue into the second quarter, driving comparable sales expectation above typical quarterly range. For the full year 2015, the company increasing diluted earnings per share sensitivity range to a range of $2.18 to $2.27 based on an assumed comparable sales range of between 1.5% and 2.5% at The Cheesecake Factory restaurants. Total capital expenditures are expected to be in between $120 million and $130 million. 2015 earnings per share range includes the assumption that comp store sales will be between 1% and 2% for the second half of 2015. For guidance purposes, the company believes it's prudent to assume that sales return to these historical levels in the back half of the year. Mathematically, this results in a 1.5% to 2.5% comparable sales range for the full year. As to corporate tax rate, the company still expects it to be in a range of between 27% and 28% for 2015.

The Cheesecake Factory Incorporated Plans to Open New Restaurants in the Second Quarter and Full Year of 2015

The Cheesecake Factory Incorporated announced that it plan for the opening of as many as 11 domestic restaurants in 2015. Internationally, the company expects as many as 3 restaurants to open in 2015 under licensing agreements. The company announced that one of the Middle East openings originally planned for 2015 moved into early 2016. The company expects to open 3 restaurants in the second quarter of 2015.

 

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Industry Analysis

CAKE

Industry Average

Valuation CAKE Industry Range
Price/Earnings 24.7x
Price/Sales 1.3x
Price/Book 4.8x
Price/Cash Flow 13.2x
TEV/Sales 1.2x
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