Q3 EPS Estimate for Cheesecake Factory Decreased by Analyst

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Investment analysts at William Blair cut their Q3 2024 earnings per share (EPS) estimates for Cheesecake Factory in a research note issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.52. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.21 per share. William Blair also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.87 EPS, FY2024 earnings at $3.19 EPS and FY2025 earnings at $3.53 EPS.

Other analysts have also issued research reports about the company. Citigroup increased their target price on Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Wells Fargo & Company increased their target price on Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays increased their target price on Cheesecake Factory from $35.00 to $38.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their target price on Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Cheesecake Factory in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.67.

Cheesecake Factory Stock Performance

CAKE stock opened at $42.04 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $39.66 and its two-hundred day simple moving average is $38.17. Cheesecake Factory has a twelve month low of $29.27 and a twelve month high of $43.51. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.13 and a beta of 1.49.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The company had revenue of $904.04 million during the quarter, compared to the consensus estimate of $909.19 million. During the same period last year, the company earned $0.88 earnings per share. Cheesecake Factory’s revenue was up 4.4% on a year-over-year basis.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Wednesday, August 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Wednesday, August 14th. Cheesecake Factory’s payout ratio is currently 49.54%.

Institutional Investors Weigh In On Cheesecake Factory

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in Cheesecake Factory by 2,360.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 661 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,064 shares during the period. nVerses Capital LLC acquired a new stake in shares of Cheesecake Factory during the second quarter worth about $67,000. SG Americas Securities LLC acquired a new stake in shares of Cheesecake Factory during the first quarter worth about $121,000. Finally, Wealth Alliance acquired a new stake in shares of Cheesecake Factory during the second quarter worth about $213,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.