Cheesecake Factory (NASDAQ:CAKE) Stock Price Expected to Rise, Wedbush Analyst Says

Cheesecake Factory (NASDAQ:CAKE) had its price target hoisted by Wedbush from $48.00 to $52.00 in a research report report published on Wednesday morning, Benzinga reports. Wedbush currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.87 EPS, Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.30 EPS, Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.71 EPS.

Other research analysts also recently issued research reports about the company. UBS Group boosted their price target on Cheesecake Factory from $32.00 to $36.00 and gave the company a “sell” rating in a research note on Friday, October 25th. Barclays boosted their target price on Cheesecake Factory from $35.00 to $38.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Cheesecake Factory from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on Cheesecake Factory from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th. Finally, Robert W. Baird boosted their target price on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.17.

Cheesecake Factory Stock Down 0.9 %

CAKE stock opened at $45.82 on Wednesday. The company has a market cap of $2.33 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.47. The business has a 50-day simple moving average of $40.27 and a 200 day simple moving average of $38.50. Cheesecake Factory has a 52 week low of $29.27 and a 52 week high of $49.75. 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 (NASDAQ:CAKE) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $865.50 million during the quarter, compared to the consensus estimate of $866.13 million. Cheesecake Factory had a return on equity of 45.66% and a net margin of 3.63%. Cheesecake Factory’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that Cheesecake Factory will post 3.22 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders 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 dividend yield of 2.36%. The ex-dividend date is Wednesday, November 13th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 41.06%.

Institutional Trading of Cheesecake Factory

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $25,000 after purchasing an additional 661 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cheesecake Factory by 276.4% during the second quarter. GAMMA Investing LLC now owns 1,449 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,064 shares during the last quarter. nVerses Capital LLC bought a new stake in Cheesecake Factory in the second quarter valued at approximately $67,000. SG Americas Securities LLC bought a new stake in Cheesecake Factory in the first quarter valued at approximately $121,000. Finally, Wealth Alliance bought a new stake in Cheesecake Factory in the second quarter valued at approximately $213,000. 94.48% of the stock is currently owned by 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.