FY2024 EPS Estimate for Cheesecake Factory Lifted by Analyst

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Research analysts at William Blair lifted their FY2024 earnings estimates for shares of Cheesecake Factory in a research report issued to clients and investors on Monday, January 20th. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $3.33 per share for the year, up from their previous forecast of $3.31. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.31 per share. William Blair also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.93 EPS, Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $3.70 EPS and FY2026 earnings at $4.08 EPS.

A number of other research firms have also commented on CAKE. Jefferies Financial Group lifted their price target on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Tuesday, January 7th. Raymond James upped their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 16th. UBS Group lifted their price objective on Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company increased their target price on Cheesecake Factory from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.40.

Cheesecake Factory Stock Down 1.6 %

Shares of CAKE stock opened at $50.95 on Wednesday. The stock’s 50 day simple moving average is $48.97 and its 200 day simple moving average is $43.05. Cheesecake Factory has a twelve month low of $33.05 and a twelve month high of $52.90. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.21 and a beta of 1.50.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $865.50 million during the quarter, compared to analysts’ expectations of $866.13 million. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in Cheesecake Factory by 108.1% in the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 320 shares in the last quarter. KBC Group NV boosted its holdings in shares of Cheesecake Factory by 46.9% in the 4th quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 741 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in Cheesecake Factory during the 3rd quarter worth approximately $223,000. Foundations Investment Advisors LLC acquired a new stake in Cheesecake Factory during the 3rd quarter valued at $227,000. Finally, Janney Montgomery Scott LLC bought a new position in Cheesecake Factory in the 4th quarter valued at $270,000. Institutional investors own 94.48% of the company’s stock.

Insider Activity at Cheesecake Factory

In other Cheesecake Factory news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $49.88, for a total transaction of $653,178.60. Following the completion of the transaction, the insider now directly owns 14,977 shares of the company’s stock, valued at approximately $747,052.76. This trade represents a 46.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by insiders.

Cheesecake Factory Company Profile

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.