The Cheesecake Factory Incorporated (NASDAQ:CAKE) Expected to Earn Q3 2024 Earnings of $0.49 Per Share

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for Cheesecake Factory in a research report issued on Wednesday, August 14th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings per share of $0.49 for the quarter, up from their prior forecast of $0.48. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.21 per share. Zacks Research also issued estimates for Cheesecake Factory’s Q2 2025 earnings at $1.16 EPS, FY2025 earnings at $3.44 EPS, Q1 2026 earnings at $0.87 EPS, Q2 2026 earnings at $1.24 EPS and FY2026 earnings at $3.71 EPS.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. Cheesecake Factory had a return on equity of 45.30% and a net margin of 3.32%. The business had revenue of $904.04 million during the quarter, compared to the consensus estimate of $909.19 million. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Stephens reaffirmed an “overweight” rating and set a $50.00 price target on shares of Cheesecake Factory in a research report on Thursday, August 1st. Barclays lifted their price target on shares of Cheesecake Factory from $32.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Raymond James raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Thursday, May 9th. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Cheesecake Factory in a research note on Thursday, August 1st. Finally, Citigroup upgraded Cheesecake Factory from a “neutral” rating to a “buy” rating and upped their target price for the company from $38.00 to $47.00 in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Cheesecake Factory currently has a consensus rating of “Hold” and an average price target of $40.08.

Cheesecake Factory Trading Down 0.9 %

Shares of CAKE stock opened at $38.18 on Monday. Cheesecake Factory has a 12-month low of $28.58 and a 12-month high of $41.25. The firm has a 50 day moving average price of $38.12 and a two-hundred day moving average price of $36.71. The company has a quick ratio of 0.33, a current ratio of 0.43 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $1.95 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51.

Institutional Investors Weigh In On Cheesecake Factory

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cheesecake Factory by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,140 shares of the restaurant operator’s stock valued at $775,000 after purchasing an additional 498 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Cheesecake Factory during the 4th quarter valued at $819,000. South Dakota Investment Council bought a new stake in Cheesecake Factory during the 4th quarter worth $844,000. Atria Wealth Solutions Inc. acquired a new position in Cheesecake Factory in the 4th quarter worth about $204,000. Finally, Victory Capital Management Inc. increased its holdings in Cheesecake Factory by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 309,922 shares of the restaurant operator’s stock worth $10,850,000 after purchasing an additional 7,533 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.83%. Cheesecake Factory’s dividend payout ratio (DPR) is currently 49.54%.

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.