Wedbush Forecasts Strong Price Appreciation for Cheesecake Factory (NASDAQ:CAKE) Stock

Cheesecake Factory (NASDAQ:CAKE) had its target price boosted by stock analysts at Wedbush from $59.00 to $61.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price target points to a potential upside of 11.62% from the stock’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.

A number of other research analysts also recently weighed in on CAKE. Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Tuesday, January 7th. Stephens upped their price objective on shares of Cheesecake Factory from $51.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price target on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Cheesecake Factory from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Raymond James upped their price target on shares of Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cheesecake Factory has an average rating of “Hold” and an average price target of $52.19.

Cheesecake Factory Trading Down 0.6 %

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

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $920.96 million during the quarter, compared to the consensus estimate of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. As a group, equities analysts predict that Cheesecake Factory will post 3.7 earnings per share for the current fiscal year.

Institutional Trading of Cheesecake Factory

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Cheesecake Factory by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,443,458 shares of the restaurant operator’s stock valued at $258,238,000 after acquiring an additional 21,096 shares in the last quarter. State Street Corp grew its stake in shares of Cheesecake Factory by 3.7% in the 3rd quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after buying an additional 67,550 shares during the period. Invesco Ltd. grew its stake in shares of Cheesecake Factory by 12.4% in the 4th quarter. Invesco Ltd. now owns 1,412,483 shares of the restaurant operator’s stock valued at $67,008,000 after buying an additional 155,614 shares during the period. American Century Companies Inc. grew its stake in shares of Cheesecake Factory by 15.8% in the 4th quarter. American Century Companies Inc. now owns 1,363,051 shares of the restaurant operator’s stock valued at $64,663,000 after buying an additional 186,026 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $63,114,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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.