Cheesecake Factory (CAKE) to Release Earnings on Wednesday

Cheesecake Factory (NASDAQ:CAKE) is set to issue 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.Investors that wish to register for the company’s conference call can do so using this link.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Cheesecake Factory had a return on equity of 41.66% and a net margin of 2.95%. The business had revenue of $877.00 million for the quarter, compared to analyst estimates of $876.17 million. During the same quarter last year, the firm earned $0.56 EPS. Cheesecake Factory’s revenue for the quarter was down 1.8% compared to the same quarter last year. 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 Trading Up 0.6 %

NASDAQ:CAKE opened at $33.67 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio 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 market cap of $1.72 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48. The business has a 50 day moving average price of $35.21 and a two-hundred day moving average price of $33.90.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, March 6th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, March 5th. Cheesecake Factory’s dividend payout ratio (DPR) is currently 52.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CAKE shares. JPMorgan Chase & Co. downgraded shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Tuesday, January 23rd. Barclays increased their price target on Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Stephens reiterated an “overweight” rating and set a $44.00 price objective on shares of Cheesecake Factory in a research note on Friday, April 12th. Piper Sandler raised their target price on shares of Cheesecake Factory from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $40.00 price target on shares of Cheesecake Factory in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cheesecake Factory presently has a consensus rating of “Hold” and an average price target of $34.60.

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.