Wedbush Research Analysts Cut Earnings Estimates for CAKE

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) - Equities researchers at Wedbush lowered their Q1 2025 EPS estimates for Cheesecake Factory in a report issued on Wednesday, October 30th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.90 per share for the quarter, down from their prior estimate of $0.92. Wedbush currently has a "Outperform" rating and a $52.00 price objective on the stock. The consensus estimate for Cheesecake Factory's current full-year earnings is $3.21 per share. Wedbush also issued estimates for Cheesecake Factory's Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.71 EPS.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The firm had revenue of $865.50 million for the quarter, compared to analysts' expectations of $866.13 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the stock. Bank of America boosted their price target on shares of Cheesecake Factory from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 6th. Citigroup boosted their price target on shares of Cheesecake Factory from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Stephens boosted their price target on shares of Cheesecake Factory from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cheesecake Factory presently has an average rating of "Hold" and a consensus target price of $44.17.

Cheesecake Factory Trading Down 0.9 %

Shares of CAKE stock traded down $0.42 during mid-day trading on Thursday, reaching $46.22. The stock had a trading volume of 1,216,927 shares, compared to its average volume of 959,026. The stock's 50-day moving average price is $40.17 and its two-hundred day moving average price is $38.41. Cheesecake Factory has a 52-week low of $29.27 and a 52-week high of $49.75. The firm has a market capitalization of $2.36 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Duality Advisers LP bought a new position in shares of Cheesecake Factory in the first quarter worth approximately $1,829,000. Dimensional Fund Advisors LP lifted its stake in shares of Cheesecake Factory by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,241,272 shares of the restaurant operator's stock worth $48,772,000 after buying an additional 43,128 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Cheesecake Factory by 2.8% in the second quarter. Earnest Partners LLC now owns 2,831,381 shares of the restaurant operator's stock worth $111,245,000 after buying an additional 76,578 shares in the last quarter. JCP Investment Management LLC bought a new position in Cheesecake Factory during the second quarter valued at approximately $5,149,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Cheesecake Factory by 38.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,215 shares of the restaurant operator's stock valued at $673,000 after purchasing an additional 5,360 shares during the period. Institutional investors own 94.48% of the company's stock.

Cheesecake Factory Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. Cheesecake Factory's dividend payout ratio is presently 45.19%.

Cheesecake Factory Company Profile

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.