Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $61.00

Cheesecake Factory (NASDAQ:CAKE) had its target price boosted by equities researchers at Wedbush from $59.00 to $61.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 11.62% from the company’s previous close. Wedbush also issued estimates for Cheesecake Factory’s Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.33 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $1.22 EPS, Q3 2026 earnings at $0.69 EPS and FY2026 earnings at $4.24 EPS.

Other equities analysts have also issued reports about the stock. Raymond James upped their price objective on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Tuesday, January 7th. Stephens increased their target price on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group increased their target price on shares of Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Cheesecake Factory has a consensus rating of “Hold” and a consensus price target of $52.19.

Cheesecake Factory Stock Performance

Cheesecake Factory stock opened at $54.65 on Thursday. The firm has a 50 day simple moving average of $51.16 and a 200-day simple moving average of $45.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. Cheesecake Factory has a 1-year low of $33.05 and a 1-year high of $57.32. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. The firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. On average, analysts expect that Cheesecake Factory will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Cheesecake Factory by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,443,458 shares of the restaurant operator’s stock valued at $258,238,000 after buying an additional 21,096 shares during the last quarter. State Street Corp grew its position in Cheesecake Factory by 3.7% during the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock worth $76,084,000 after purchasing an additional 67,550 shares during the last quarter. Invesco Ltd. grew its position in Cheesecake Factory by 12.4% during the 4th quarter. Invesco Ltd. now owns 1,412,483 shares of the restaurant operator’s stock worth $67,008,000 after purchasing an additional 155,614 shares during the last quarter. American Century Companies Inc. grew its position in Cheesecake Factory by 15.8% during the 4th quarter. American Century Companies Inc. now owns 1,363,051 shares of the restaurant operator’s stock worth $64,663,000 after purchasing an additional 186,026 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Cheesecake Factory during the 4th quarter worth $63,114,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

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.