EATERY'S STOCK UP ON ZESTY EARNINGS; DISNEY ENRICHES CHEESECAKE CHAIN.Byline: Deborah Adamson Daily News Staff Writer The stock price of Cheesecake Factory Inc. jumped 16 percent Friday on news of record third-quarter earnings, strong support from analysts and official word of a deal with the Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. The stock price of the Calabasas-based restaurant chain closed at 29-1/4, up 4. Earnings beat analysts' estimate by a penny. Salomon Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . analyst Paul Westra reiterated a rating of ``buy'' for the firm, and analyst Michael Fineman of Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . reconfirmed an ``accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security .'' ``They reported earnings that we thought were strong and the company showed positive trends,'' Fineman said. Westra believes Cheesecake's stock price could go up to $45 a share in one or two years. Fineman is targeting $37 in one year. Cheesecake's revenues rose 27 percent to $53.6 million for the quarter that ended Sept. 28 and net income rose 69 percent to $2.9 million (26 cents a share). In addition to its earnings report, Cheesecake confirmed that it will become the exclusive food service operator for Disney's new DisneyQuest - an upcoming interactive entertainment center. Fineman also cited Cheesecake's healthy same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. increase of 7.3 percent as another positive trend for the company. Same-store sales are sales at stores open at least a year. It is considered a better gauge of performance than total sales because the figure excludes new stores, which typically have higher than normal revenues that tend to skew (1) The misalignment of a document or punch card in the feed tray or hopper that prohibits it from being scanned or read properly. (2) In facsimile, the difference in rectangularity between the received and transmitted page. overall results. Test marketing of Cheesecake products via an unnamed fast-food outlet continues to do well also, Fineman said. In addition, the chain will start marketing a private-label - store brand - dessert line through a national food service distributor. Cheesecake Factory officials said Friday the firm is in the SEC-mandated quiet period and can't comment. The chain is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a public offering comprising 2 million shares issued by the company and 700,000 shares from selling shareholders. |
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