Cheesecake Factory (CAKE) to Release Quarterly Earnings on Tuesday

Cheesecake Factory (NASDAQ:CAKE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Cheesecake Factory has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $904.04 million during the quarter, compared to analysts’ expectations of $909.19 million. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. On average, analysts expect Cheesecake Factory to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cheesecake Factory Stock Up 1.3 %

Shares of NASDAQ:CAKE opened at $42.04 on Friday. The stock has a fifty day simple moving average of $39.66 and a two-hundred day simple moving average of $38.14. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.13 and a beta of 1.49. Cheesecake Factory has a 12-month low of $29.27 and a 12-month high of $43.51. The company has a current ratio of 0.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26.

Cheesecake Factory Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Wednesday, August 14th. Cheesecake Factory’s payout ratio is 49.54%.

Analyst Ratings Changes

CAKE has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Cheesecake Factory from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Cheesecake Factory in a research note on Tuesday, October 22nd. Citigroup lifted their price objective on Cheesecake Factory from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group boosted their price target on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Stephens restated an “overweight” rating and issued a $50.00 price target on shares of Cheesecake Factory in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.67.

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.