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NASDAQ:CAKE

Cheesecake Factory (CAKE) Stock Forecast, Price & News

$28.97
-0.19 (-0.65%)
(As of 09:39 AM ET)
Compare
Today's Range
$28.86
$29.15
50-Day Range
$29.16
$37.45
52-Week Range
$27.91
$41.28
Volume
44,721 shs
Average Volume
975,836 shs
Market Capitalization
$1.49 billion
P/E Ratio
22.11
Dividend Yield
3.73%
Price Target
$36.25

Cheesecake Factory MarketRank™ Forecast

Analyst Rating
Reduce
1.88 Rating Score
Upside/​Downside
24.3% Upside
$36.25 Price Target
Short Interest
Healthy
15.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.02
Upright™ Environmental Score
News Sentiment
0.72mentions of Cheesecake Factory in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.18%
From $2.75 to $3.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Retail/Wholesale Sector

52nd out of 209 stocks

Eating Places Industry

13th out of 39 stocks


CAKE stock logo

About Cheesecake Factory (NASDAQ:CAKE) Stock

The Cheesecake Factory Incorporated engages in restaurant business. The company operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. It also operates restaurants in the United States and Canada under brands comprising The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as The Cheesecake Factory restaurants under licensing agreements internationally. The company was founded in 1972 and is headquartered in Calabasas, California.

CAKE Price History

CAKE Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
2 Restaurant Stocks to Buy for Growth, 1 to Watch
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
New Cheesecake Outlet to fill niche in El Paso
See More Headlines
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CAKE Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/29 Dividend
8/15/2023
Dividend Payable
8/29/2023
Today
9/22/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:CAKE
CUSIP
16307210
Employees
47,500
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$36.25
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+24.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.88
Research Coverage
16 Analysts

Profitability

Net Income
$43.12 million
Pretax Margin
1.66%

Debt

Sales & Book Value

Annual Sales
$3.30 billion
Cash Flow
$3.23 per share
Book Value
$5.68 per share

Miscellaneous

Free Float
46,815,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.48

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Key Executives

  • Mr. David M. Overton (Age 77)
    Founder, Chairman & CEO
    Comp: $1.88M
  • Mr. David M. GordonMr. David M. Gordon (Age 58)
    Pres
    Comp: $1.23M
  • Mr. Matthew Eliot ClarkMr. Matthew Eliot Clark (Age 53)
    Exec. VP & CFO
    Comp: $914.81k
  • Ms. Scarlett A. May (Age 57)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $828.12k
  • Mr. Keith T. Carango (Age 61)
    Pres of The Cheesecake Factory Bakery Incorporated
    Comp: $621.1k
  • Ms. Ashley W. Hanscom (Age 55)
    VP, Principal Accounting Officer & Controller
  • Mr. Etienne Marcus
    VP of Fin. & Investor Relations
  • Ms. Cheryl M. Slomann (Age 57)
    Sr. VP of Fin. & Compliance
  • Mr. Donald Evans
    Chief Marketing Officer & Sr. VP
  • Ms. Dina R. Barmasse-Gray
    Sr. VP of HR













CAKE Stock - Frequently Asked Questions

Should I buy or sell Cheesecake Factory stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CAKE shares.
View CAKE analyst ratings
or view top-rated stocks.

What is Cheesecake Factory's stock price forecast for 2023?

16 brokerages have issued twelve-month price objectives for Cheesecake Factory's stock. Their CAKE share price forecasts range from $29.00 to $46.00. On average, they expect the company's stock price to reach $36.25 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
View analysts price targets for CAKE
or view top-rated stocks among Wall Street analysts.

How have CAKE shares performed in 2023?

Cheesecake Factory's stock was trading at $31.71 at the start of the year. Since then, CAKE stock has decreased by 8.0% and is now trading at $29.16.
View the best growth stocks for 2023 here
.

Are investors shorting Cheesecake Factory?

Cheesecake Factory saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,170,000 shares, a drop of 7.4% from the August 15th total of 7,740,000 shares. Based on an average daily trading volume, of 868,800 shares, the days-to-cover ratio is currently 8.3 days. Currently, 15.1% of the company's shares are sold short.
View Cheesecake Factory's Short Interest
.

When is Cheesecake Factory's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CAKE earnings forecast
.

How were Cheesecake Factory's earnings last quarter?

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced its quarterly earnings data on Wednesday, August, 2nd. The restaurant operator reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.07. The restaurant operator had revenue of $866.20 million for the quarter, compared to analyst estimates of $880.15 million. Cheesecake Factory had a net margin of 1.91% and a trailing twelve-month return on equity of 32.08%. Cheesecake Factory's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share.

How often does Cheesecake Factory pay dividends? What is the dividend yield for Cheesecake Factory?

Cheesecake Factory declared a quarterly dividend on Thursday, July 27th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.27 per share on Tuesday, August 29th. This represents a $1.08 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, August 15th.
Read our dividend analysis for CAKE
.

What ETFs hold Cheesecake Factory's stock?

ETFs with the largest weight of Cheesecake Factory (NASDAQ:CAKE) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Is Cheesecake Factory a good dividend stock?

Cheesecake Factory (NASDAQ:CAKE) pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.65%. The dividend payout ratio is 82.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CAKE will have a dividend payout ratio of 33.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAKE.

What guidance has Cheesecake Factory issued on next quarter's earnings?

Cheesecake Factory issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $835.00 million-$855.00 million, compared to the consensus revenue estimate of $851.36 million.

What is David Overton's approval rating as Cheesecake Factory's CEO?

1,241 employees have rated Cheesecake Factory Chief Executive Officer David Overton on Glassdoor.com. David Overton has an approval rating of 80% among the company's employees.

What other stocks do shareholders of Cheesecake Factory own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cheesecake Factory investors own include Carnival Co. & (CCL), Wolverine World Wide (WWW), Walgreens Boots Alliance (WBA), Wendy's (WEN), Xerox (XRX), General Electric (GE), Intel (INTC), Bank of America (BAC), Marriott International (MAR) and Delta Air Lines (DAL).

What is Cheesecake Factory's stock symbol?

Cheesecake Factory trades on the NASDAQ under the ticker symbol "CAKE."

Who are Cheesecake Factory's major shareholders?

Cheesecake Factory's stock is owned by many different institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (6.97%), Earnest Partners LLC (5.85%), State Street Corp (3.45%), Frontier Capital Management Co. LLC (2.83%), Dimensional Fund Advisors LP (2.30%) and Geode Capital Management LLC (1.88%). Insiders that own company stock include Alexander L Cappello, Cheryl Slomann, David Bruce Pittaway, David M Gordon, Edie A Ames and Matthew Eliot Clark.
View institutional ownership trends
.

How do I buy shares of Cheesecake Factory?

Shares of CAKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cheesecake Factory's stock price today?

One share of CAKE stock can currently be purchased for approximately $29.16.

How much money does Cheesecake Factory make?

Cheesecake Factory (NASDAQ:CAKE) has a market capitalization of $1.50 billion and generates $3.30 billion in revenue each year. The restaurant operator earns $43.12 million in net income (profit) each year or $1.31 on an earnings per share basis.

How many employees does Cheesecake Factory have?

The company employs 47,500 workers across the globe.

Does Cheesecake Factory have any subsidiaries?
The following companies are subsidiares of Cheesecake Factory: BirdChili Asian Kitchen Incorporated, C.F.I. Promotions CA Co. LLC, CCF Asia IP Corporation, CCF Asia Operating Corporation, CCF China Operating Corporation, CCF Latin America Corporation, CCF Latin America IP Corporation, CCF Mexico LLC, Cheesecake Factory Restaurants of Kansas LLC, Cherry Hill One LLC, Fox Restaurant Concepts LLC, Grand Lux Cafe LLC, Hawaii Cheesecake Factory Restaurants Inc., Middle East IP Corporation, Middle East T.C.F. Corporation, North Restaurants LLC, Rock Sugar Incorporated, TCF California Holding Company, TCF Canada Inc., TCF Co. LLC, The Cheesecake Factory Bakery Incorporated, The Cheesecake Factory Restaurants Inc., The Cheesecake Factory of Howard County LLC, and The Houston Cheesecake Factory Corporation.
Read More
How can I contact Cheesecake Factory?

Cheesecake Factory's mailing address is 26901 MALIBU HILLS RD, CALABASAS HILLS CA, 91301. The official website for the company is www.thecheesecakefactory.com. The restaurant operator can be reached via phone at (818) 871-3000, via email at investorrelations@thecheesecakefactory.com, or via fax at 818-871-3001.

This page (NASDAQ:CAKE) was last updated on 9/22/2023 by MarketBeat.com Staff

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