cec entertainment inc (CEC:New York)
cec entertainment inc (CEC) Snapshot
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Open
$39.55
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Previous Close
$39.50
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Day High
$39.96
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Day Low
$39.40
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52 Week High
05/21/13 - $39.96
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52 Week Low
08/6/12 - $28.23
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Market Cap
705.8M
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Average Volume 10 Days
133.8K
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EPS TTM
$2.78
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Shares Outstanding
17.8M
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EX-Date
06/4/13
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P/E TM
14.3x
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Dividend
$0.96
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Dividend Yield
2.32%
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cec entertainment inc (CEC) Related Businessweek News
No Related Businessweek News Foundcec entertainment inc (CEC) Details
CEC Entertainment, Inc. develops, operates, and franchises family dining and entertainment centers under the Chuck E. Cheese’s name in the United States and internationally. The company’s stores provide various dining selections, such as pizzas, sandwiches, wings, appetizers, salad bars, beverages, and desserts, as well as musical and comic entertainment through computer-controlled robotic characters, family-oriented arcade-style and skill-oriented games, video games, rides, and other activities for families with children between 2 and 12 years of age. As of December 30, 2012, it operated 565 stores, including 514 company-owned stores located in 44 states and Canada; and 51 franchised stores located in 15 states and 7 foreign countries and territories comprising Chile, Guam, Guatemala, Mexico, Puerto Rico, Saudi Arabia, and the United Arab Emirates. The company was formerly known as ShowBiz Pizza Place, Inc. and changed its name to CEC Entertainment, Inc. in 1998. CEC Entertainment, Inc. was founded in 1980 and is headquartered in Irving, Texas.
cec entertainment inc (CEC) Top Compensated Officers
cec entertainment inc (CEC) Key Developments
For 2013, CEC Entertainment Inc. anticipated opening of 15 new stores, including one relocation. The company anticipated closing approximately 5 stores, including the relocated store, resulting in the net addition of approximately 10 stores. From 2007 through 2010, the company opened a total of 25 new or relocated stores.
CEC Entertainment Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Total revenues increased 3.4%, or $8.5 million, to $255.3 million from $246.8 million for the first quarter of 2012. The increase primarily related to a 1.6% increase in comparable store sales, as well as additional revenue from six net new stores opened since the first quarter of 2012. Net income increased to $33.3 million compared to $32.3 million for the first quarter of 2012. Diluted earnings per share were $1.90 compared to diluted earnings per share of $1.81 for the first quarter of 2012. Operating income was $56.22 million against $54.77 million a year ago. Income before income tax was $54.02 million against $52.80 million a year ago. Net cash provided by operating activities was $75.98 million against $77.65 million a year ago. Purchases of property and equipment were $15.71 million against $20.02 million a year ago. EBITDA was $76.23 million against $74.71 million a year ago. The company is projecting comparable store sales of 1.5% to 2.5% for fiscal 2013 and diluted earnings per share to be in a range of $2.80 to $2.95, including the following assumptions: 15 new company-owned stores, including one store relocation; Average cheese block prices in the range of $1.75 to $1.85 per pound; Depreciation and amortization to remain relatively flat; Rent expense to increase approximately 4%-5% from the prior year; Advertising expense to increase approximately $6 million from the prior year; Capital expenditures to range from approximately $82 million to $84 million; and Payment of four quarterly dividends totaling approximately $17 million.
On April 30, 2013, CEC Entertainment Inc.'s Board of Directors declared a cash dividend of $0.24 per share. This cash dividend is scheduled to be paid on July 2, 2013 to stockholders of record as of June 6, 2013.
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Industry Analysis
CEC
Industry Average
| Valuation | CEC | Industry Range |
| Price/Earnings | 15.5x |
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| Price/Sales | 0.8x |
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| Price/Book | 4.3x |
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| Price/Cash Flow | 5.7x |
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| TEV/Sales | 0.4x |
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Post a JobJobs
- Athens, GA | Chuck E. Cheese'sPosted: May 21
- Cerritos, CA | Chuck E Cheese'sPosted: May 18
- Cerritos, CA | Chuck E CheesesPosted: May 19
- Manassas, VA | Chuck E. Cheese'sPosted: May 20
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To contact CEC ENTERTAINMENT INC, please visit www.chuckecheese.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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