FY2024 EPS Estimate for Cheesecake Factory Raised by Analyst

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Investment analysts at Zacks Research increased their FY2024 EPS estimates for shares of Cheesecake Factory in a report issued on Tuesday, November 12th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will earn $3.30 per share for the year, up from their previous forecast of $3.23. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.30 per share. Zacks Research also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.97 EPS, FY2025 earnings at $3.52 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $0.64 EPS and FY2026 earnings at $3.74 EPS.

Cheesecake Factory (NASDAQ:CAKE) last posted 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. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The company had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same quarter last year, the firm posted $0.39 earnings per share. Cheesecake Factory’s revenue was up 4.3% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Bank of America raised their price objective on Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citigroup boosted their price objective 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. StockNews.com lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays boosted their price objective on Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.75.

Cheesecake Factory Trading Down 0.5 %

Shares of CAKE opened at $48.10 on Thursday. The stock’s fifty day simple moving average is $41.70 and its 200 day simple moving average is $39.30. Cheesecake Factory has a twelve month low of $30.96 and a twelve month high of $50.75. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $2.46 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47.

Hedge Funds Weigh In On Cheesecake Factory

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Cheesecake Factory by 2,360.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 661 shares during the last quarter. GAMMA Investing LLC raised its position in Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 1,064 shares during the period. nVerses Capital LLC purchased a new stake in Cheesecake Factory in the 2nd quarter worth approximately $67,000. SG Americas Securities LLC acquired a new position in shares of Cheesecake Factory in the first quarter worth $121,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Cheesecake Factory during the first quarter worth $202,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cheesecake Factory

In other news, insider Keith Carango sold 13,095 shares of Cheesecake Factory stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $49.88, for a total value 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. The trade was a 46.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio is presently 41.06%.

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.