Cheesecake Factory (CAKE) Scheduled to Post Earnings on Wednesday

Cheesecake Factory (NASDAQ:CAKE) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Cheesecake Factory has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The company had revenue of $877.00 million for the quarter, compared to analyst estimates of $876.17 million. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts expect Cheesecake Factory to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cheesecake Factory Price Performance

CAKE stock opened at $34.63 on Tuesday. The business has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $33.92. The company has a market capitalization of $1.77 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.48. Cheesecake Factory has a twelve month low of $28.58 and a twelve month high of $38.19. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.48.

Cheesecake Factory Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio is currently 52.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CAKE shares. Stephens reaffirmed an “overweight” rating and issued a $44.00 target price on shares of Cheesecake Factory in a report on Friday, April 12th. JPMorgan Chase & Co. lowered Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Tuesday, January 23rd. Piper Sandler increased their price target on Cheesecake Factory from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Oppenheimer restated a “market perform” rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Cheesecake Factory in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.60.

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.