Q4 EPS Forecast for Cheesecake Factory Reduced by Analyst

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Analysts at Wedbush decreased their Q4 2024 earnings estimates for shares of Cheesecake Factory in a research note issued on Friday, October 25th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.87 per share for the quarter, down from their previous forecast of $0.89. Wedbush currently has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.21 per share. Wedbush also issued estimates for Cheesecake Factory’s Q4 2025 earnings at $1.04 EPS.

CAKE has been the topic of a number of other research reports. Robert W. Baird boosted their price target on Cheesecake Factory from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. UBS Group boosted their target price on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Bank of America boosted their price objective on shares of Cheesecake Factory from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Stephens restated an “overweight” rating and issued a $50.00 target price 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 issued a buy rating to the company. According to MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and a consensus price target of $41.67.

Cheesecake Factory Stock Down 0.9 %

Shares of CAKE stock opened at $42.86 on Monday. The stock’s fifty day moving average price is $39.85 and its 200 day moving average price is $38.30. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. Cheesecake Factory has a 1-year low of $29.27 and a 1-year high of $43.81. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth 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 business had revenue of $904.04 million for the quarter, compared to the consensus estimate of $909.19 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis.

Hedge Funds Weigh In On Cheesecake Factory

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Cheesecake Factory by 2,360.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 661 shares during the period. New Century Financial Group LLC purchased a new position in shares of Cheesecake Factory in the 1st quarter valued at about $1,108,000. Texas Permanent School Fund Corp raised its holdings in Cheesecake Factory by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,881 shares of the restaurant operator’s stock worth $1,478,000 after purchasing an additional 547 shares during the period. Duality Advisers LP purchased a new position in Cheesecake Factory during the first quarter worth approximately $1,829,000. Finally, Sciencast Management LP acquired a new stake in Cheesecake Factory in the first quarter valued at approximately $400,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.