Cheesecake Factory (CAKE) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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).

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.

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.

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.

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).

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

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

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.

The company employs 47,500 workers across the globe.

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.