Cheesecake Factory Stock Price, News & Analysis (NASDAQ:CAKE)

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" CAKE shares.
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18 equities research analysts have issued 12-month target prices for Cheesecake Factory's stock. Their CAKE share price targets range from $26.00 to $46.00. On average, they expect the company's share price to reach $33.93 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
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Cheesecake Factory's stock was trading at $31.71 at the beginning of the year. Since then, CAKE shares have increased by 1.7% and is now trading at $32.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our CAKE earnings forecast.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) issued its quarterly earnings results on Wednesday, November, 1st. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.03. The restaurant operator earned $830.20 million during the quarter, compared to the consensus estimate of $842.63 million. Cheesecake Factory had a trailing twelve-month return on equity of 38.79% and a net margin of 2.47%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS.

Cheesecake Factory announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.27 per share on Tuesday, November 28th. This represents a $1.08 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for CAKE.

Cheesecake Factory (NASDAQ:CAKE) pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.28%. The dividend payout ratio is 62.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAKE will have a dividend payout ratio of 35.41% next year. This indicates that the company will be able to sustain or increase its dividend.
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 issued an update on its FY 2023 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.45 billion-$3.45 billion, compared to the consensus revenue estimate of $3.47 billion.

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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (6.67%), Earnest Partners LLC (5.68%), Bamco Inc. NY (4.33%), William Blair Investment Management LLC (1.26%), Charles Schwab Investment Management Inc. (1.07%) and Northern Trust Corp (0.98%). 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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