William Blair Issues Positive Estimate for CAKE Earnings

The Cheesecake Factory Incorporated (NASDAQ:CAKE) – Equities researchers at William Blair raised their Q4 2024 EPS estimates for shares of Cheesecake Factory in a research note issued to investors on Tuesday, October 29th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will earn $0.92 per share for the quarter, up from their previous forecast of $0.87. The consensus estimate for Cheesecake Factory’s current full-year earnings is $3.22 per share.

Several other equities research analysts have also issued reports on CAKE. UBS Group increased their target price on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a report on Friday, October 25th. Stephens raised their price objective on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Citigroup raised their price target on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Robert W. Baird boosted their price objective on Cheesecake Factory from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.17.

Cheesecake Factory Stock Performance

NASDAQ:CAKE opened at $45.82 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43. The stock has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $38.50. The firm has a market capitalization of $2.33 billion, a PE ratio of 17.42, a P/E/G ratio of 1.33 and a beta of 1.49. Cheesecake Factory has a 52-week low of $29.27 and a 52-week high of $49.75.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.63% and a return on equity of 45.66%. The business had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis.

Institutional Trading of Cheesecake Factory

Hedge funds have recently modified their holdings of the company. Earnest Partners LLC grew its holdings in shares of Cheesecake Factory by 2.8% in the second quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator’s stock valued at $111,245,000 after purchasing an additional 76,578 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cheesecake Factory by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator’s stock worth $48,772,000 after buying an additional 43,128 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Cheesecake Factory by 31.1% in the 2nd quarter. American Century Companies Inc. now owns 942,694 shares of the restaurant operator’s stock worth $37,038,000 after buying an additional 223,497 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Cheesecake Factory by 8.0% during the 2nd quarter. William Blair Investment Management LLC now owns 819,328 shares of the restaurant operator’s stock valued at $32,191,000 after buying an additional 60,545 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Cheesecake Factory by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 530,497 shares of the restaurant operator’s stock valued at $20,843,000 after buying an additional 3,872 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Cheesecake Factory Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio is presently 41.06%.

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.