Cheesecake Factory (CAKE) Scheduled to Post Earnings on Tuesday

Cheesecake Factory (NASDAQ:CAKE) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Cheesecake Factory has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data 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. The firm had revenue of $904.04 million for the quarter, compared to the consensus estimate of $909.19 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, analysts expect Cheesecake Factory to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cheesecake Factory Price Performance

Shares of CAKE opened at $42.04 on Monday. The company has a 50 day moving average of $39.66 and a two-hundred day moving average of $38.17. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.26. Cheesecake Factory has a twelve month low of $29.27 and a twelve month high of $43.51. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

Cheesecake Factory Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 14th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.57%. Cheesecake Factory’s payout ratio is 49.54%.

Wall Street Analysts Forecast Growth

CAKE has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and issued a $50.00 price target on shares of Cheesecake Factory in a research note on Tuesday, October 22nd. Barclays increased their price objective on shares of Cheesecake Factory from $35.00 to $38.00 and gave the company an “underweight” rating in a research report on Tuesday, October 22nd. Citigroup boosted their target price on shares of Cheesecake Factory from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. decreased their price target 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. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Cheesecake Factory in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and an average target price of $41.67.

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.