Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $61.00

Cheesecake Factory (NASDAQ:CAKE) had its price target raised by Wedbush from $59.00 to $61.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.33 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $0.69 EPS and FY2026 earnings at $4.24 EPS.

Other equities research analysts have also recently issued research reports about the stock. Stephens lifted their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group lifted their target price on shares of Cheesecake Factory from $36.00 to $41.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. StockNews.com cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Oppenheimer raised 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 research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.19.

Cheesecake Factory Price Performance

Shares of NASDAQ CAKE opened at $54.65 on Thursday. The firm has a market cap of $2.79 billion, a PE ratio of 17.08, a PEG ratio of 1.31 and a beta of 1.51. The firm has a fifty day moving average of $51.16 and a 200 day moving average of $45.53. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.33 and a current ratio of 0.44. Cheesecake Factory has a one year low of $33.05 and a one year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. The company had revenue of $920.96 million during the quarter, compared to analyst estimates of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. As a group, research analysts predict that Cheesecake Factory will post 3.71 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.98%. Cheesecake Factory’s payout ratio is currently 33.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CAKE. Golden State Wealth Management LLC acquired a new position in Cheesecake Factory in the fourth quarter valued at about $25,000. Versant Capital Management Inc lifted 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 during the last quarter. SBI Securities Co. Ltd. acquired a new position in Cheesecake Factory in the fourth quarter valued at about $43,000. Venturi Wealth Management LLC increased its stake in Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,207 shares during the period. Finally, KBC Group NV increased its stake in Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 741 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.