Zacks Research Weighs in on The Cheesecake Factory Incorporated’s Q3 2024 Earnings (NASDAQ:CAKE)

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Analysts at Zacks Research upped their Q3 2024 earnings per share estimates for shares of Cheesecake Factory in a note issued to investors on Wednesday, August 14th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings per share of $0.49 for the quarter, up from their prior estimate 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.

Several other brokerages have also weighed in on CAKE. Bank of America lifted their price target on Cheesecake Factory from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Robert W. Baird upped their target price on Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their price target on shares of Cheesecake Factory from $32.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Stephens reaffirmed an “overweight” rating and set a $50.00 price objective on shares of Cheesecake Factory in a report on Thursday, August 1st. Finally, Raymond James raised shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.08.

Cheesecake Factory Stock Up 3.5 %

CAKE stock opened at $38.51 on Monday. Cheesecake Factory has a one year low of $28.58 and a one year high of $41.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.33 and a current ratio of 0.43. The firm’s fifty day moving average is $38.14 and its 200 day moving average is $36.69. The firm has a market cap of $1.96 billion, a PE ratio of 17.67, a P/E/G ratio of 1.07 and a beta of 1.51.

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 analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $904.04 million during the quarter, compared to the consensus estimate of $909.19 million. Cheesecake Factory had a return on equity of 45.30% and a net margin of 3.32%. Cheesecake Factory’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 14th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.80%. Cheesecake Factory’s payout ratio is 49.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CAKE. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cheesecake Factory by 2.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,140 shares of the restaurant operator’s stock valued at $775,000 after acquiring an additional 498 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Cheesecake Factory during the 4th quarter worth $819,000. South Dakota Investment Council acquired a new stake in shares of Cheesecake Factory during the 4th quarter worth about $844,000. Atria Wealth Solutions Inc. acquired a new position in Cheesecake Factory in the fourth quarter valued at about $204,000. Finally, Victory Capital Management Inc. boosted its stake in Cheesecake Factory by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 309,922 shares of the restaurant operator’s stock worth $10,850,000 after buying an additional 7,533 shares during the period. 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.