The Cheesecake Factory Incorporated operates restaurants. It 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. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.
Cheesecake Factory Stock Performance
CAKE opened at $29.39 on Monday. The business has a fifty day simple moving average of $28.90 and a 200 day simple moving average of $34.13. The company has a market capitalization of $1.53 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.63 and a quick ratio of 0.54. Cheesecake Factory has a 1 year low of $26.05 and a 1 year high of $51.19.
Cheesecake Factory (NASDAQ:CAKE - Get Rating) last released its earnings results on Wednesday, July 27th. The restaurant operator reported $0.52 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.27). Cheesecake Factory had a return on equity of 31.69% and a net margin of 2.65%. The business had revenue of $832.60 million for the quarter, compared to analyst estimates of $836.64 million. During the same period in the prior year, the business earned $0.80 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts expect that Cheesecake Factory will post 2.13 EPS for the current year.
Cheesecake Factory Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Wednesday, August 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, August 9th. Cheesecake Factory's dividend payout ratio (DPR) is presently 66.26%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Citigroup increased their price objective on Cheesecake Factory from $39.00 to $40.00 in a report on Thursday, July 28th. Morgan Stanley dropped their target price on shares of Cheesecake Factory from $37.00 to $26.00 and set an "underweight" rating for the company in a research report on Monday, July 18th. Piper Sandler dropped their target price on shares of Cheesecake Factory from $38.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, July 11th. UBS Group cut their target price on shares of Cheesecake Factory from $42.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 26th. Finally, Barclays reduced their price objective on shares of Cheesecake Factory from $32.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $43.31.