Cheesecake Factory (CAKE, Financial) has recently surpassed its $34-41 trading range, reaching a new 52-week high. This movement comes ahead of its Q3 earnings report on October 29.
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The Cheesecake Factory's value proposition lies in its extensive and rotating menu, which drives repeat visits and supports positive comparable sales despite industry-wide traffic declines. The company maintains high margins and AUVs by balancing labor costs with savings in food, beverage, and packaging, ensuring operational stability. Despite intrinsic risks from financial and operational leverage, current trends and strategic initiatives like 'Cheesecake Rewards' support a 'Hold' rating with a price target of $46.28.
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Cheesecake Factory (CAKE) reported earnings 30 days ago. What's next for the stock?
Cheesecake Factory (CAKE) focuses on leveraging data analytics to boost guest engagement and drive sales. However, high cost is a concern.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Cheesecake Factory (CAKE) could produce exceptional returns because of its solid growth attributes.
Cheesecake Factory's (CAKE) fiscal second-quarter performance benefits from strong consumer demand and new restaurant openings.
The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Etienne Marcus - Vice President of Finance and Investor Relations David Overton - Chairman of the Board and Chief Executive Officer David Gordon - President Matt Clark - Executive Vice President and Chief Financial Officer Conference Call Participants David Tarantino - Baird Andy Barish - Jeffries Jon Tower - Citigroup Brian Mullan - Piper Sandler Katherine Griffin - BofA Securities Brian Vaccaro - Raymond James Brian Harbour - Morgan Stanley Dennis Geiger - UBS Jim Salera - Stephens Matt Curtis - William Blair Jim Sanderson - Northcoast Research Jeffrey Bernstein - Barclays Jeff Farmer - Gordon Haskett John Ivankoe - JP Morgan Operator Good afternoon. My name is Brianna and I will be your conference operator today.
While the top- and bottom-line numbers for Cheesecake Factory (CAKE) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cheesecake Factory (CAKE) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.88 per share a year ago.