Cheesecake Manufacturing facility (NASDAQ:CAKE – Get Free Report) will concern its quarterly earnings knowledge after the market closes on Tuesday, October twenty ninth. Analysts count on the corporate to announce earnings of $0.48 per share for the quarter. Cheesecake Manufacturing facility has set its FY 2024 steering at EPS.Events which might be involved in taking part within the firm’s convention name can accomplish that utilizing this hyperlink.
Cheesecake Manufacturing facility (NASDAQ:CAKE – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, July thirty first. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The agency had income of $904.04 million for the quarter, in comparison with the consensus estimate of $909.19 million. Cheesecake Manufacturing facility had a web margin of three.32% and a return on fairness of 43.62%. The corporate’s quarterly income was up 4.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the agency earned $0.88 EPS. On common, analysts count on Cheesecake Manufacturing facility to publish $3 EPS for the present fiscal 12 months and $4 EPS for the subsequent fiscal 12 months.
Cheesecake Manufacturing facility Value Efficiency
Shares of CAKE opened at $42.04 on Monday. The corporate has a 50 day transferring common of $39.66 and a two-hundred day transferring common of $38.17. The corporate has a fast ratio of 0.32, a present ratio of 0.43 and a debt-to-equity ratio of 1.26. Cheesecake Manufacturing facility has a twelve month low of $29.27 and a twelve month excessive of $43.51. The corporate has a market cap of $2.14 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.
Cheesecake Manufacturing facility Dividend Announcement
The agency additionally lately disclosed a quarterly dividend, which was paid on Tuesday, August twenty seventh. Stockholders of document on Wednesday, August 14th got a $0.27 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 dividend on an annualized foundation and a dividend yield of two.57%. Cheesecake Manufacturing facility’s payout ratio is 49.54%.
Wall Avenue Analysts Forecast Development
CAKE has been the topic of numerous analysis analyst experiences. Stephens reiterated an “chubby” ranking and issued a $50.00 value goal on shares of Cheesecake Manufacturing facility in a analysis word on Tuesday, October twenty second. Barclays elevated their value goal on shares of Cheesecake Manufacturing facility from $35.00 to $38.00 and gave the corporate an “underweight” ranking in a analysis report on Tuesday, October twenty second. Citigroup boosted their goal value on shares of Cheesecake Manufacturing facility from $46.00 to $51.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, October 4th. JPMorgan Chase & Co. decreased their value goal on shares of Cheesecake Manufacturing facility from $40.00 to $38.00 and set an “underweight” ranking for the corporate in a report on Tuesday, August sixth. Lastly, Wedbush reiterated an “outperform” ranking and set a $45.00 value goal on shares of Cheesecake Manufacturing facility in a analysis word on Tuesday, October twenty second. Three funding analysts have rated the inventory with a promote ranking, six have assigned a maintain ranking and 5 have assigned a purchase ranking to the inventory. In keeping with MarketBeat, Cheesecake Manufacturing facility presently has a consensus ranking of “Maintain” and a median goal value of $41.67.
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About Cheesecake Manufacturing facility
The Cheesecake Manufacturing facility Included operates and licenses eating places in the USA and Canada. The corporate operates bakeries that produce cheesecakes and different baked merchandise for its eating places, worldwide licensees, third-party bakery prospects, exterior foodservice operators, retailers, and distributors.
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