Cheesecake Factory (NASDAQ:CAKE) Posts Earnings Results, Beats Expectations By $0.13 EPS

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13, Zacks reports. The business had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Cheesecake Factory updated its FY 2025 guidance to EPS.

Cheesecake Factory Stock Down 0.6 %

Shares of CAKE traded down $0.32 during midday trading on Friday, reaching $54.65. 2,232,702 shares of the stock were exchanged, compared to its average volume of 1,442,655. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $2.79 billion, a P/E ratio of 17.08, a PEG ratio of 1.30 and a beta of 1.51. Cheesecake Factory has a 52 week low of $33.05 and a 52 week high of $57.32. The company's 50 day moving average is $51.16 and its two-hundred day moving average is $45.46.

Cheesecake Factory Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 5th. Cheesecake Factory's payout ratio is 33.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAKE. Oppenheimer raised Cheesecake Factory from a "market perform" rating to an "outperform" rating and set a $65.00 price target for the company in a research note on Tuesday, January 7th. Morgan Stanley lifted their target price on Cheesecake Factory from $37.00 to $40.00 and gave the stock an "underweight" rating in a research report on Thursday. William Blair restated an "outperform" rating on shares of Cheesecake Factory in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Raymond James boosted their price objective on shares of Cheesecake Factory from $51.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.19.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.