The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) - Investment analysts at William Blair upped their Q1 2024 earnings estimates for Cheesecake Factory in a report released on Wednesday, April 24th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $0.64 per share for the quarter, up from their prior forecast of $0.63. The consensus estimate for Cheesecake Factory's current full-year earnings is $3.06 per share. William Blair also issued estimates for Cheesecake Factory's Q2 2024 earnings at $1.05 EPS, FY2024 earnings at $3.09 EPS and FY2025 earnings at $3.51 EPS.
Several other analysts have also recently issued reports on the stock. Stephens reissued an "overweight" rating and set a $44.00 price objective on shares of Cheesecake Factory in a research note on Friday, April 12th. Barclays lifted their price target on shares of Cheesecake Factory from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, February 22nd. Wedbush reissued an "outperform" rating and issued a $40.00 price objective on shares of Cheesecake Factory in a research report on Wednesday, April 10th. Oppenheimer reiterated a "market perform" rating on shares of Cheesecake Factory in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. downgraded Cheesecake Factory from a "neutral" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.64.
Read Our Latest Report on CAKE
Cheesecake Factory Trading Down 1.7 %
CAKE traded down $0.60 during midday trading on Monday, hitting $34.75. The company's stock had a trading volume of 600,212 shares, compared to its average volume of 821,243. Cheesecake Factory has a 52-week low of $28.58 and a 52-week high of $38.19. The firm has a 50-day moving average price of $35.31 and a two-hundred day moving average price of $33.83. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48. The firm has a market cap of $1.77 billion, a P/E ratio of 16.87, a PEG ratio of 1.17 and a beta of 1.48.
Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $877.00 million during the quarter, compared to the consensus estimate of $876.17 million. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. Cheesecake Factory's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS.
Institutional Investors Weigh In On Cheesecake Factory
Several large investors have recently added to or reduced their stakes in CAKE. Studio Investment Management LLC bought a new stake in shares of Cheesecake Factory during the third quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC raised its stake in Cheesecake Factory by 2,360.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 689 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 661 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Cheesecake Factory during the 4th quarter worth $26,000. Quadrant Capital Group LLC increased its holdings in shares of Cheesecake Factory by 48.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,566 shares of the restaurant operator's stock valued at $55,000 after purchasing an additional 511 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Cheesecake Factory during the third quarter valued at about $70,000. 94.48% of the stock is owned by institutional investors and hedge funds.
Cheesecake Factory Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 3.11%. Cheesecake Factory's dividend payout ratio is currently 52.43%.
Cheesecake Factory Company Profile
(
Get Free Report)
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.
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