Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $93.00 at Stephens

Cheesecake Factory (NASDAQ:CAKE) had its price target upped by equities research analysts at Stephens from $80.00 to $93.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target points to a potential upside of 4.48% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Cheesecake Factory from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $58.00 to $68.00 in a report on Thursday, May 14th. Citigroup upped their price objective on shares of Cheesecake Factory from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company increased their target price on shares of Cheesecake Factory from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Mizuho restated a “neutral” rating and set a $85.00 target price (up from $75.00) on shares of Cheesecake Factory in a research report on Friday. Finally, Northcoast Research cut Cheesecake Factory from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.81.

Cheesecake Factory Stock Up 2.3%

Shares of CAKE opened at $89.01 on Wednesday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.03 and a beta of 1.01. Cheesecake Factory has a 52 week low of $43.07 and a 52 week high of $89.22. The stock’s 50-day moving average price is $75.16 and its 200-day moving average price is $65.29. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.22.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.18 by $0.26. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.54 million. Cheesecake Factory had a return on equity of 43.74% and a net margin of 4.34%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, sell-side analysts predict that Cheesecake Factory will post 4.06 EPS for the current year.

Insider Activity at Cheesecake Factory

In other news, Chairman David Overton sold 104,000 shares of Cheesecake Factory stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $61.02, for a total value of $6,346,080.00. Following the sale, the chairman directly owned 3,079,779 shares of the company’s stock, valued at $187,928,114.58. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexander L. Cappello sold 2,490 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $64.90, for a total value of $161,601.00. Following the sale, the director owned 6,171 shares of the company’s stock, valued at $400,497.90. The trade was a 28.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.00% of the company’s stock.

Institutional Trading of Cheesecake Factory

Several large investors have recently bought and sold shares of the business. Woodline Partners LP raised its holdings in Cheesecake Factory by 1,059.3% in the 3rd quarter. Woodline Partners LP now owns 618,056 shares of the restaurant operator’s stock valued at $33,771,000 after acquiring an additional 564,744 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Cheesecake Factory by 24.7% during the 3rd quarter. Invesco Ltd. now owns 2,057,118 shares of the restaurant operator’s stock worth $112,401,000 after purchasing an additional 407,223 shares during the last quarter. Millennium Management LLC grew its position in shares of Cheesecake Factory by 214.3% in the fourth quarter. Millennium Management LLC now owns 512,085 shares of the restaurant operator’s stock valued at $25,850,000 after purchasing an additional 349,168 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Cheesecake Factory by 1,583.7% in the fourth quarter. Engineers Gate Manager LP now owns 287,219 shares of the restaurant operator’s stock valued at $14,499,000 after purchasing an additional 270,160 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Cheesecake Factory by 54.0% during the third quarter. Voloridge Investment Management LLC now owns 747,046 shares of the restaurant operator’s stock worth $40,819,000 after buying an additional 262,081 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

More Cheesecake Factory News

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

• Positive Sentiment: CAKE reported second-quarter EPS of $1.44, well above the $1.17–$1.18 analyst consensus and up from $1.16 a year earlier. Revenue increased 7.7% year over year to $1.03 billion, exceeding expectations of approximately $1.00 billion. Cheesecake Factory Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management attributed the stronger quarter to increased customer traffic, menu innovation and marketing initiatives, suggesting improving demand at the restaurant chain. Cheesecake Factory Reports Higher Profit, Sales
• Positive Sentiment: Full-year 2026 revenue guidance was set at approximately $4.0 billion, above the roughly $3.9 billion consensus. Third-quarter revenue guidance of $980 million to $990 million also exceeds analysts’ estimate of $946 million, providing a favorable near-term outlook. Cheesecake Factory Posts Strong Q2 Growth, Reaffirms Expansion
• Positive Sentiment: Oppenheimer raised its CAKE price target from $72 to $91 and maintained an “outperform” rating, reinforcing the positive analyst reaction to the results. Cheesecake Factory Stock Price Expected to Rise
• Neutral Sentiment: The company continues to pursue restaurant expansion, including a planned Concord Mills, North Carolina location in 2026. The opening supports long-term unit growth but is unlikely to materially affect near-term results. Cheesecake Factory Is Coming to Concord Mills
• Neutral Sentiment: CAKE’s valuation has risen alongside its recent rally, with a P/E ratio near 26 and the stock trading close to its 12-month high. The strong results support the valuation, but they also leave less room for disappointment.

About Cheesecake Factory

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.