Cheesecake Factory Inc. (NASDAQ: CAKE) closed the day trading at $35.22 down -3.43% from the previous closing price of $36.47. In other words, the price has decreased by -$1.25 from its previous closing price. On the day, 1018150 shares were traded.
Ratios:
For a better understanding of CAKE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.37 and its Current Ratio is at 0.46. In the meantime, Its Debt-to-Equity ratio is 5.85 whereas as Long-Term Debt/Eq ratio is at 5.42.
On December 21, 2023, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $34 to $40.
On October 19, 2023, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $32.Deutsche Bank initiated its Hold rating on October 19, 2023, with a $32 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAKE now has a Market Capitalization of 1.80B and an Enterprise Value of 3.60B. As of this moment, Cheesecake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.10, and their Forward P/E ratio for the next fiscal year is 10.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 5.61. Its current Enterprise Value per Revenue stands at 1.05 whereas that against EBITDA is 17.87.
Stock Price History:
Over the past 52 weeks, CAKE has reached a high of $38.19, while it has fallen to a 52-week low of $28.58. The 50-Day Moving Average of the stock is 34.84, while the 200-Day Moving Average is calculated to be 33.30.
Shares Statistics:
Over the past 3-months, CAKE traded about 807.34K shares per day on average, while over the past 10 days, CAKE traded about 736.83k shares per day. A total of 50.65M shares are outstanding, with a floating share count of 47.12M. Insiders hold about 7.81% of the company’s shares, while institutions hold 87.52% stake in the company. Shares short for CAKE as of Feb 29, 2024 were 6.52M with a Short Ratio of 8.08, compared to 6.37M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.76% and a Short% of Float of 19.16%.
Dividends & Splits
CAKE’s forward annual dividend rate is 1.08, up from 1.08 a year ago. Against a Trailing Annual Dividend Yield of 2.96%, it implies a Forward Annual Dividend Yield of 3.07%. The stock’s 5-year Average Dividend Yield is 2.55. The current Payout Ratio is 52.27% for CAKE, which recently paid a dividend on Mar 19, 2024 with an ex-dividend date of Mar 05, 2024. Stock splits for the company last occurred on Dec 09, 2004 when the company split stock in a 3:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $0.63 for the current quarter, with a high estimate of $0.68 and a low estimate of $0.56, while EPS last year was $0.61. The consensus estimate for the next quarter is $1, with high estimates of $1.11 and low estimates of $0.9.
Analysts are recommending an EPS of between $3.35 and $2.86 for the fiscal current year, implying an average EPS of $3.07. EPS for the following year is $3.45, with 19 analysts recommending between $3.9 and $3.03.
Revenue Estimates
15 analysts predict $888.76M in revenue for the current quarter. It ranges from a high estimate of $894.08M to a low estimate of $882.34M. As of the current estimate, Cheesecake Factory Inc.’s year-ago sales were $866.11M, an estimated increase of 2.60% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $913.09M, an increase of 3.80% over than the figure of $2.60% in the same quarter last year. There is a high estimate of $918M for the next quarter, whereas the lowest estimate is $905.29M.
A total of 17 analysts have provided revenue estimates for CAKE’s current fiscal year. The highest revenue estimate was $3.64B, while the lowest revenue estimate was $3.6B, resulting in an average revenue estimate of $3.62B. In the same quarter a year ago, actual revenue was $3.44B, up 5.20% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $3.86B in the next fiscal year. The high estimate is $3.91B and the low estimate is $3.81B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.
