Last $43.33 USD
Change Today -0.08 / -0.18%
Volume 947.9K
CAKE On Other Exchanges
Symbol
Exchange
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As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

cheesecake factory inc/the (CAKE) Snapshot

Open
$43.12
Previous Close
$43.41
Day High
$43.53
Day Low
$43.12
52 Week High
11/22/13 - $49.74
52 Week Low
07/26/13 - $40.24
Market Cap
2.2B
Average Volume 10 Days
1.1M
EPS TTM
$2.12
Shares Outstanding
49.9M
EX-Date
08/4/14
P/E TM
20.5x
Dividend
$0.66
Dividend Yield
1.29%
Current Stock Chart for CHEESECAKE FACTORY INC/THE (CAKE)

cheesecake factory inc/the (CAKE) Details

The Cheesecake Factory Incorporated owns and operates casual dining and full-service restaurants. As of July 23, 2014, it operated 182 full-service casual dining restaurants, including 170 restaurants under The Cheesecake Factory mark, 11 restaurants under the Grand Lux Café mark, and 1 restaurant under the RockSugar Pan Asian Kitchen mark in the United States and Puerto Rico; and 5 The Cheesecake Factory restaurants under a licensing agreement internationally. It also produces cheesecakes and other baked products for its restaurants, as well as for other foodservice operators, retailers, and distributors. The company was founded in 1972 and is based in Calabasas Hills, California.

35,500 Employees
Last Reported Date: 02/27/14
Founded in 1972

cheesecake factory inc/the (CAKE) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $985.0K
President
Total Annual Compensation: $490.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $463.0K
President of the Cheesecake Factory Bakery In...
Total Annual Compensation: $385.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $432.2K
Compensation as of Fiscal Year 2013.

cheesecake factory inc/the (CAKE) Key Developments

The Cheesecake Factory Incorporated Announces Quarterly Dividend, Payable on August 19, 2014; Expects to Open as Many as Ten Company-Owned Restaurants in Fiscal 2014

The Cheesecake Factory Incorporated announced that its Board of Directors approved an increase in its quarterly dividend equating to 18%. The company's Board of Directors declared a quarterly cash dividend of $0.165 per share on the company's common stock. The dividend is payable on August 19, 2014 to shareholders of record at the close of business on August 6, 2014. The company continues to expect to open as many as ten company-owned restaurants in fiscal 2014. The company continues to expect as many as three to four restaurants to open in the Middle East and Mexico under licensing agreements in fiscal 2014.

the Cheesecake Factory Incorporated Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 1, 2014; Announces Impairment of Assets and Lease Terminations for the Second Quarter Ended July 1, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

The Cheesecake Factory Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended July 1, 2014. For the quarter, the company announced revenues of $496,406,000 compared to $470,118,000 for the same period a year ago. Income from operations was $42,691,000 compared to $41,170,000 for the same period a year ago. Income before income taxes was $41,147,000 compared to $39,899,000 for the same period a year ago. Net income was $30,049,000 compared to $28,583,000 for the same period a year ago. Diluted net income per share was $0.59 compared to $0.52 for the same period a year ago. Net income (non-GAAP) was $30,355,000 compared to $29,486,000 for the same period a year ago. Diluted net income per share (non-GAAP) was $0.59 compared to $0.54 for the same period a year ago. For the six months, the company announced revenues of $977,837,000 compared to $933,136,000 for the same period a year ago. Income from operations was $75,764,000 compared to $77,957,000 for the same period a year ago. Income before income taxes was $72,829,000 compared to $75,376,000 for the same period a year ago. Net income was $52,567,000 compared to $53,875,000 for the same period a year ago. Diluted net income per share was $1.01 compared to $0.99 for the same period a year ago. Net income (non-GAAP) was $52,985,000 compared to $55,164,000 for the same period a year ago. Diluted net income per share (non-GAAP) was $1.02 compared to $1.01 for the same period a year ago. Cash flow from operations for the first 6 months of 2014 was approximately $122 million, net of roughly $58 million of cash used for capital expenditures. For the second quarter ended July 1, 2014, the company announced impairment of assets and lease terminations of $510,000 compared to $1,505,000 for the same period a year ago. For the third quarter of 2014, the company estimate diluted earnings per share of between $0.55 and $0.58 based on an assumed range of comparable sales of between 1% and 2%. With comparable sales in the first half of 2014 at 1%, and while maintaining its comparable sales estimate for the second half of the year, mathematically, that brings to a full year 2014 comparable sales range of between 1% and 1.5%. Based on this assumption, it would estimate diluted earnings per share in a range of $2.19 to $2.25 for this year. The company now expect corporate tax rate, to be about 28% for the full year 2014 consistent with its year-to-date level. Total capital expenditures are still expected to be between $105 million and $115 million for planned 2014 openings, as well as expected openings in early 2015.

The Cheesecake Factory Opens in Guadalajara, Mexico

The Cheesecake Factory announced that its licensee in Latin America, Alsea, S.A.B. de C.V. opened its first The Cheesecake Factory in Mexico in the city of Guadalajara, Jalisco. The new restaurant is located in Galerias Guadalajara shopping center, and features The Cheesecake Factory's distinctive décor. Featuring French limestone floors and decorative columns, hand painted murals, and modern lighting, the approximately 8,500 square-foot restaurant accommodates approximately 220 guests. The Cheesecake Factory's licensing agreement with Alsea provides for the development of a minimum of 12 restaurants throughout Mexico and Chile with the potential to expand the agreement to four other countries -- Argentina, Brazil, Colombia and Peru.

 

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CAKE

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Valuation CAKE Industry Range
Price/Earnings 20.4x
Price/Sales 1.1x
Price/Book -- Not Meaningful
Price/Cash Flow 11.2x
TEV/Sales -- Not Meaningful
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