Cheesecake Factory (CAKE) Set to Announce Earnings on Wednesday

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

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $876.17 million. Cheesecake Factory had a net margin of 2.95% and a return on equity of 41.66%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. 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

Shares of NASDAQ:CAKE opened at $34.52 on Wednesday. The stock has a market cap of $1.76 billion, a PE ratio of 16.76, a PEG ratio of 1.17 and a beta of 1.48. The company’s fifty day moving average is $35.31 and its 200 day moving average is $33.83. Cheesecake Factory has a 52 week low of $28.58 and a 52 week high of $38.19. 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 Announces Dividend

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 3.13%. The ex-dividend date of this dividend was Tuesday, March 5th. Cheesecake Factory’s payout ratio is presently 52.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Cheesecake Factory from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Tuesday, January 23rd. Oppenheimer reiterated a “market perform” rating on shares of Cheesecake Factory in a research report on Thursday, February 22nd. Barclays boosted their price objective on shares of Cheesecake Factory from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Stephens restated an “overweight” rating and issued a $44.00 price objective on shares of Cheesecake Factory in a research report on Friday, April 12th. Finally, Wedbush restated an “outperform” rating and issued a $40.00 price objective 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 four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.64.

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.