William Blair Reiterates “Outperform” Rating for Cheesecake Factory (NASDAQ:CAKE)

Cheesecake Factory (NASDAQ:CAKE)‘s stock had its “outperform” rating restated by research analysts at William Blair in a research note issued on Thursday,RTT News reports. William Blair also issued estimates for Cheesecake Factory’s Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $1.04 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $1.24 EPS.

CAKE has been the subject of a number of other reports. Wells Fargo & Company lifted their price target on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday. Wedbush boosted their target price on Cheesecake Factory from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Bank of America raised their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on shares of Cheesecake Factory from $49.00 to $58.00 and gave the company a “buy” rating in a 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.19.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock opened at $54.65 on Thursday. The business 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 quick ratio of 0.33 and a current ratio of 0.44. Cheesecake Factory has a one year low of $33.05 and a one year high of $57.32. The company has a market cap of $2.79 billion, a PE ratio of 17.08, a P/E/G ratio of 1.30 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results 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 company had revenue of $920.96 million during the quarter, compared to analysts’ expectations of $912.67 million. On average, equities research analysts forecast that Cheesecake Factory will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in 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 period. State Street Corp boosted its holdings in shares of Cheesecake Factory by 3.7% in the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock valued at $76,084,000 after acquiring an additional 67,550 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cheesecake Factory by 12.4% during the fourth quarter. Invesco Ltd. now owns 1,412,483 shares of the restaurant operator’s stock worth $67,008,000 after acquiring an additional 155,614 shares during the period. American Century Companies Inc. raised its holdings in Cheesecake Factory by 15.8% during the fourth 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 in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Cheesecake Factory in the fourth quarter valued at about $63,114,000. Institutional investors and hedge funds 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.