Cheesecake Factory (CAKE) PT, Estimates Cut at Jefferies After Q4 'Miss'

Jefferies analyst Andy Barish reiterated a Hold on Cheesecake Factory (NASDAQ: CAKE) while lowering estimates and his price target to $45.00 (from $50.00) following the Q4 miss.

Baris commented, "$0.48 EPS missed by 12c as 1.4% SSS (cons 1.9%) failed to offset significant food infl & group medical insurance pressure. 1Q SSS guided to 3-4% and ’15 SSS 1.5-2.5% are in line, but ’15 EPS guide lowered to $2.08-2.20 (Street $2.42) on wage inflation. Mgmt shared its 5-year model, but mid-teens EPS growth will now require flowthrough from int’l license units – which still remain a black box. Our ‘15/16 EPS to $2.10/2.41 (was $2.37/2.75). PT $45 (was $50)."

For an analyst ratings summary and ratings history on Cheesecake Factory click here. For more ratings news on Cheesecake Factory click here.

Shares of Cheesecake Factory closed at $53.04 yesterday.

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