Cheesecake Factory (CAKE) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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The author provided two past public trades in The Cheesecake Factory Incorporated stock, both successful with 20% gains each, and now suggests holding a house position with profit. The Cheesecake Factory's sales continue to hold up and earnings are strong. Margins are quietly expanding in tandem with slow and steady footprint growth.
Cheesecake Factory Inc stock is closing in on all time highs. With the stock up 14% after its Q3 earnings report, is it too late to invest in the stock?
The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q3 2024 Earnings Call October 29, 2024 5:00 PM ET Company Participants Etienne Marcus - Vice President, Investor Relations David Overton - Chairman and Chief Executive Officer David Gordon - President Matt Clark - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Salera - Stephens Drew North - Baird Catherine Griffin - Bank of America Jeff Farmer - Gordon Haskett Karen Holthouse - Citi Jim Sanderson - Northcoast Research Andy Barish - Jefferies Sharon Zackfia - William Blair Brian Vaccaro - Raymond James Operator Ladies and gentlemen, thank you for standing by. My name is Christa and I will be your conference operator today.
The headline numbers for Cheesecake Factory (CAKE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cheesecake Factory (CAKE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.39 per share a year ago.
Steady growth and a safe dividend are what dividend investors should be looking for.
Cheesecake Factory (CAKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cheesecake Factory (CAKE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors looking for stocks in the Retail - Restaurants sector might want to consider either Cheesecake Factory (CAKE) or Compass Group PLC (CMPGY). But which of these two stocks presents investors with the better value opportunity right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.