Wedbush Forecasts Strong Price Appreciation for Cheesecake Factory (NASDAQ:CAKE) Stock

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) had its target price raised by analysts at Wedbush from $59.00 to $61.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the restaurant operator's stock. Wedbush's target price suggests a potential upside of 11.62% from the company's previous close. Wedbush also issued estimates for Cheesecake Factory's Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.33 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $0.69 EPS and FY2026 earnings at $4.24 EPS.

CAKE has been the subject of a number of other reports. The Goldman Sachs Group lifted their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Oppenheimer upgraded shares of Cheesecake Factory from a "market perform" rating to an "outperform" rating and set a $65.00 price target for the company in a research report on Tuesday, January 7th. Raymond James lifted their price target 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. UBS Group lifted their price target on shares of Cheesecake Factory from $36.00 to $41.00 and gave the company a "sell" rating in a research report on Tuesday, January 7th. Finally, Robert W. Baird lifted their price target on shares of Cheesecake Factory from $52.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Cheesecake Factory has an average rating of "Hold" and a consensus price target of $52.19.

Cheesecake Factory Stock Performance

CAKE stock traded down $0.32 during mid-day trading on Thursday, hitting $54.65. 2,232,702 shares of the company were exchanged, compared to its average volume of 1,442,655. The business has a 50 day simple moving average of $51.16 and a 200-day simple moving average of $45.46. 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 stock has a market capitalization of $2.79 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51. Cheesecake Factory has a 1-year low of $33.05 and a 1-year high of $57.32.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. The firm 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%. On average, equities analysts forecast that Cheesecake Factory will post 3.7 earnings per share for the current year.

Institutional Trading of Cheesecake Factory

Hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in shares of Cheesecake Factory during the fourth quarter worth $25,000. Versant Capital Management Inc grew its stake in shares of Cheesecake Factory by 108.1% during the fourth quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator's stock worth $29,000 after buying an additional 320 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Cheesecake Factory during the fourth quarter worth $43,000. Venturi Wealth Management LLC grew its stake in shares of Cheesecake Factory by 1,149.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock worth $62,000 after buying an additional 1,207 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Cheesecake Factory by 46.9% during the fourth quarter. KBC Group NV now owns 2,321 shares of the restaurant operator's stock worth $110,000 after buying an additional 741 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

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.