Cheesecake Factory - CAKE Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last year. There are currently 4 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAKE, but not buy additional shares or sell existing shares.
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11 analysts have issued 12-month price objectives for Cheesecake Factory's stock. Their CAKE share price forecasts range from $28.00 to $39.00. On average, they anticipate the company's share price to reach $32.89 in the next twelve months. This suggests that the stock has a possible downside of 11.9%.
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Cheesecake Factory's stock was trading at $31.71 at the start of the year. Since then, CAKE stock has increased by 17.8% and is now trading at $37.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our CAKE earnings forecast.

The Cheesecake Factory Incorporated (NASDAQ:CAKE) released its quarterly earnings results on Wednesday, November, 3rd. The restaurant operator reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.05. The restaurant operator earned $754.50 million during the quarter, compared to analyst estimates of $763.45 million. Cheesecake Factory had a net margin of 1.52% and a trailing twelve-month return on equity of 21.50%. The business's revenue for the quarter was up 45.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) earnings per share.

Cheesecake Factory announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.27 per share on Monday, November 28th. This represents a $1.08 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, 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 2.82%. The dividend payout ratio is 114.89%. 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 37.63% 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 FY 2023 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.50 billion-$3.60 billion, compared to the consensus revenue estimate of $3.49 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 trades on the NASDAQ under the ticker symbol "CAKE."

Cheesecake Factory's stock is owned by a variety of retail and institutional investors. Top institutional investors include New York State Common Retirement Fund (1.36%), Natixis Advisors L.P. (1.07%), Comerica Bank (0.62%), Scout Investments Inc. (0.34%), Allspring Global Investments Holdings LLC (0.25%) and M&G Investment Management Ltd. (0.17%). 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 $37.34.

Cheesecake Factory (NASDAQ:CAKE) has a market capitalization of $1.92 billion and generates $2.93 billion in revenue each year. The restaurant operator earns $72.37 million in net income (profit) each year or $0.94 on an earnings per share basis.

The company employs 45,800 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.