The Cheesecake Factory Inc. (NASDAQ: CAKE) has reported E.P.S. of $0.70 for its first fiscal quarter (ending March 31) versus $0.58 for the same period a year ago — an increase of 21%. Relative to the consensus estimate of $0.74, this was a shortfall of $-0.04. For the latest four quarters through March 31, E.P.S. were $2.22 compared to $0.97 a year ago — an increase of 129%.
Recent Price Action
The Cheesecake Factory Inc. (NASDAQ: CAKE) stock closed at $33.97 on 5/8/24 after a slight decline of -0.1%. Moreover, this decline was accompanied by unusually high trading volume at 183% of normal. The stock has declined -1.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAKE is expected to continue to be a major Value Builder.
Cheesecake Factory has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Cheesecake Factory has a slightly negative Appreciation Score of 31 but a slightly positive Power Rating of 66, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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