Active Mover: The Cheesecake Factory Incorporated (NASDAQ: CAKE)

On Friday, Shares of The Cheesecake Factory Incorporated (NASDAQ: CAKE) declined -0.22% to $46.10. The stock traded total volume of 803,927 shares lower than the average volume of 868.02K shares.

The Cheesecake Factory Incorporated (CAKE) recently stated financial results for the third quarter of fiscal 2018, which ended on October 2, 2018.

Total revenues were $580.90M in the third quarter of fiscal 2018 contrast to $555.40M in the third quarter of fiscal 2017. Net income and diluted net income per share were $28.50M and $0.61, respectively, in the third quarter of fiscal 2018.

The Company recorded a pre-tax charge of $0.30M during the third quarter of fiscal 2018 related to the formerly revealed termination of a lease for one The Cheesecake Factory restaurant. Excluding the after-tax impact from this item, net income and diluted net income per share for the third quarter of fiscal 2018 would have been $28.70M and $0.62, respectively.

Capital Allocation:

During the third quarter of fiscal 2018, the Company repurchased about 370.0K shares of its common stock at a cost of $18.90M. Year to date, the Company has repurchased about 1.20M shares of its common stock at a cost of $60.90M.

CAKE has the market capitalization of $2.13B and its EPS growth ratio for the past five years was 6.70%. The return on assets ratio of the Company was 10.70% while its return on investment ratio stands at 20.10%.

Penny Cook

Penny Cook is passionate about business and finance news with over 5 years in the industry starting as a writer working her way up into senior positions. She is the driving force behind www.nasdaqjournal.com with a vision to broaden the company’s readership throughout 2016. Cook is an editor and reporter of “Services” Category.

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