William Blair reissued their outperform rating on shares of Cheesecake Factory (NASDAQ:CAKE - Free Report) in a research note issued to investors on Thursday,RTT News reports. William Blair also issued estimates for Cheesecake Factory's Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $1.24 EPS.
A number of other research firms also recently weighed in on CAKE. StockNews.com downgraded Cheesecake Factory from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Stephens reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Cheesecake Factory in a research report on Thursday. Raymond James boosted their target price on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Oppenheimer raised shares of Cheesecake Factory from a "market perform" rating to an "outperform" rating and set a $65.00 price objective for the company in a research note on Tuesday, January 7th. Four 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 data from MarketBeat, Cheesecake Factory currently has an average rating of "Hold" and an average price target of $52.19.
Read Our Latest Stock Analysis on Cheesecake Factory
Cheesecake Factory Stock Down 0.6 %
CAKE traded down $0.32 on Thursday, reaching $54.65. 2,232,702 shares of the company traded hands, compared to its average volume of 1,442,655. Cheesecake Factory has a 52-week low of $33.05 and a 52-week high of $57.32. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.30 and a beta of 1.51. The stock's 50 day moving average price is $51.16 and its 200-day moving average price is $45.46.
Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The business had revenue of $920.96 million for the quarter, compared to analysts' expectations of $912.67 million. On average, sell-side analysts expect that Cheesecake Factory will post 3.7 EPS for the current fiscal year.
Cheesecake Factory Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, March 5th. Cheesecake Factory's dividend payout ratio is currently 33.75%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CAKE. Hennessy Advisors Inc. bought a new position in Cheesecake Factory during the fourth quarter worth $63,114,000. Wellington Management Group LLP acquired a new stake in Cheesecake Factory in the 4th quarter worth $56,288,000. Victory Capital Management Inc. increased its holdings in shares of Cheesecake Factory by 166.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,076,347 shares of the restaurant operator's stock worth $51,062,000 after purchasing an additional 673,076 shares during the period. Junto Capital Management LP acquired a new position in shares of Cheesecake Factory during the fourth quarter valued at about $21,827,000. Finally, JCP Investment Management LLC raised its position in shares of Cheesecake Factory by 181.3% during the fourth quarter. JCP Investment Management LLC now owns 667,210 shares of the restaurant operator's stock valued at $31,652,000 after buying an additional 430,000 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.
About Cheesecake Factory
(
Get Free Report)
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.
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