Cheesecake Factory (NASDAQ:CAKE) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Cheesecake Factory (NASDAQ:CAKE) issued its quarterly earnings results on Wednesday. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13, Zacks reports. Cheesecake Factory had a return on equity of 43.90% and a net margin of 3.63%. Cheesecake Factory updated its FY 2025 guidance to EPS.

Cheesecake Factory Stock Down 2.7 %

Shares of NASDAQ:CAKE opened at $54.29 on Thursday. The firm has a market cap of $2.77 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.28 and a beta of 1.51. The company has a quick ratio of 0.33, a current ratio of 0.44 and a debt-to-equity ratio of 1.19. Cheesecake Factory has a 12-month low of $33.05 and a 12-month high of $57.32. The business has a fifty day simple moving average of $50.96 and a 200 day simple moving average of $45.25.

Cheesecake Factory Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.99%. Cheesecake Factory’s dividend payout ratio is currently 41.06%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAKE. Jefferies Financial Group increased their price target on Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group increased their price target on Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays increased their price target on Cheesecake Factory from $38.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Oppenheimer raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Tuesday, January 7th. Finally, Raymond James upped their target price on Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.93.

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.