Cheesecake Factory (CAKE) to Release Earnings on Tuesday

Cheesecake Factory (NASDAQ:CAKE) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Cheesecake Factory to post earnings of $0.48 per share for the quarter. Cheesecake Factory has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $904.04 million during the quarter, compared to analyst estimates of $909.19 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. Cheesecake Factory’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. On average, analysts expect Cheesecake Factory to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cheesecake Factory Stock Down 1.3 %

NASDAQ:CAKE opened at $42.45 on Tuesday. The firm has a market cap of $2.16 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. Cheesecake Factory has a fifty-two week low of $29.27 and a fifty-two week high of $43.41. The firm has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $37.91.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.54%. Cheesecake Factory’s dividend payout ratio is currently 49.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CAKE. Stephens reiterated an “overweight” rating and issued a $50.00 price target on shares of Cheesecake Factory in a research note on Thursday, August 1st. Barclays lifted their price target on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Citigroup lifted their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company lifted their price target on shares of Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cheesecake Factory currently has a consensus rating of “Hold” and an average price target of $41.55.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.