Cheesecake Factory - CAKE Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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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9 equities research analysts have issued 1 year price targets for Cheesecake Factory's shares. Their CAKE share price forecasts range from $26.00 to $48.00. On average, they anticipate the company's stock price to reach $34.78 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
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Cheesecake Factory's stock was trading at $39.15 on January 1st, 2022. Since then, CAKE shares have decreased by 18.5% and is now trading at $31.90.
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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) issued its earnings results on Tuesday, November, 1st. The restaurant operator reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.28 by $0.31. The restaurant operator had revenue of $784 million for the quarter, compared to the consensus estimate of $799.33 million. Cheesecake Factory had a trailing twelve-month return on equity of 21.50% and a net margin of 1.52%.

Cheesecake Factory declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.27 per share on Monday, November 28th. This represents a $1.08 annualized dividend and a yield of 3.39%. 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 3.37%. 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 36.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAKE.

Cheesecake Factory updated its FY 2023 earnings guidance on Wednesday, November, 9th. The company provided 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.51%), Kayne Anderson Rudnick Investment Management LLC (7.81%), Frontier Capital Management Co. LLC (4.61%), State Street Corp (3.41%), Fred Alger Management LLC (2.96%) and Dimensional Fund Advisors LP (2.17%). 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 $31.90.

Cheesecake Factory (NASDAQ:CAKE) has a market capitalization of $1.64 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.