Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $91.00

Cheesecake Factory (NASDAQ:CAKE) had its target price upped by Oppenheimer from $72.00 to $91.00 in a research note issued to investors on Monday, MarketBeat.com reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock.

Several other analysts also recently issued reports on the company. Stephens boosted their price objective on Cheesecake Factory from $61.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Argus set a $72.00 price target on shares of Cheesecake Factory in a research note on Friday, May 1st. Northcoast Research lowered Cheesecake Factory from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. Robert W. Baird set a $65.00 price objective on Cheesecake Factory in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upgraded Cheesecake Factory from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $58.00 to $68.00 in a research note on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.44.

Cheesecake Factory Stock Up 13.6%

CAKE opened at $101.14 on Monday. Cheesecake Factory has a one year low of $43.07 and a one year high of $101.81. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.53 and a current ratio of 0.59. The stock’s fifty day moving average is $75.98 and its 200-day moving average is $65.60. The company has a market capitalization of $5.03 billion, a PE ratio of 27.41, a P/E/G ratio of 2.07 and a beta of 1.01.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 45.94%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.54 million. During the same period in the prior year, the company earned $1.16 EPS. Cheesecake Factory’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that Cheesecake Factory will post 4.06 EPS for the current fiscal year.

Cheesecake Factory Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 11th. Cheesecake Factory’s payout ratio is presently 35.09%.

Insiders Place Their Bets

In related news, Chairman David Overton sold 104,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $61.02, for a total transaction of $6,346,080.00. Following the completion of the transaction, the chairman owned 3,079,779 shares of the company’s stock, valued at approximately $187,928,114.58. The trade was a 3.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexander L. Cappello sold 2,490 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total transaction of $161,601.00. Following the completion of the sale, the director owned 6,171 shares in the company, valued at approximately $400,497.90. The trade was a 28.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Cheesecake Factory

Several hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its position in Cheesecake Factory by 13.6% during the fourth quarter. Invesco Ltd. now owns 2,337,671 shares of the restaurant operator’s stock worth $118,006,000 after buying an additional 280,553 shares in the last quarter. State Street Corp raised its holdings in Cheesecake Factory by 0.3% in the 4th quarter. State Street Corp now owns 1,785,955 shares of the restaurant operator’s stock valued at $90,155,000 after acquiring an additional 4,535 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Cheesecake Factory by 16.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,474,320 shares of the restaurant operator’s stock valued at $74,424,000 after acquiring an additional 207,788 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Cheesecake Factory by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,242,143 shares of the restaurant operator’s stock valued at $68,008,000 after acquiring an additional 29,037 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Cheesecake Factory by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,152,174 shares of the restaurant operator’s stock worth $58,170,000 after acquiring an additional 4,577 shares during the period. Institutional investors own 94.48% of the company’s stock.

Key Headlines Impacting Cheesecake Factory

Here are the key news stories impacting Cheesecake Factory this week:

• Positive Sentiment: Quarterly results exceeded expectations: CAKE reported adjusted earnings of $1.44 per share, ahead of the $1.17-$1.18 consensus, while revenue rose 7.7% year over year to approximately $1.03 billion, surpassing estimates near $1.00 billion. Management attributed the performance to higher customer traffic, menu innovation and marketing. Cheesecake Factory Reports Higher 2Q Profit, Sales
• Positive Sentiment: Revenue outlook was raised: The company expects fiscal 2026 revenue of roughly $4.0 billion, above the approximately $3.9 billion analyst forecast. Third-quarter revenue guidance of $980 million-$990 million also exceeds consensus of about $946 million. CAKE remains on track to open as many as 26 locations, supporting its longer-term growth outlook. Fiscal 2026 Revenue Outlook
• Positive Sentiment: Shareholder return continues: The board declared a quarterly dividend of $0.30 per share, payable August 25 to investors of record August 11, representing an annualized yield of approximately 1.2%.
• Neutral Sentiment: Analyst reaction was mixed. Oppenheimer reportedly sees further upside, while Baird raised its target to $90 and Stephens to $93 but retained Neutral/Equal Weight ratings. These targets remain below the stock’s recent trading level, suggesting analysts are cautious about valuation despite the strong results. Analyst Price Target Coverage
• Negative Sentiment: UBS maintained a Sell rating and $60 price target, citing concerns about the sustainability of CAKE’s recent growth and the risk that elevated expectations are already reflected in the share price. UBS Rating Commentary

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.