Cheesecake Factory (NASDAQ:CAKE) Upgraded at Wall Street Zen

Posted by George Bondi on Nov 10th, 2026

Wall Street Zen upgraded shares of Cheesecake Factory (NASDAQ:CAKE – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

CAKE has been the subject of a number of other reports. Citigroup reduced their price target on shares of Cheesecake Factory from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Argus upped their price objective on shares of Cheesecake Factory from $72.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating and increased their price objective for the stock from $75.00 to $88.00 in a research note on Wednesday, July 29th. Wells Fargo & Company set a $116.00 price objective on shares of Cheesecake Factory in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Cheesecake Factory from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $95.47.

Check Out Our Latest Report on CAKE

Cheesecake Factory Stock Performance

Shares of CAKE opened at $110.96 on Friday. The stock has a 50-day moving average of $107.78 and a two-hundred day moving average of $81.23. Cheesecake Factory has a one year low of $43.07 and a one year high of $118.63. The stock has a market cap of $5.53 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.67 and a beta of 1.14.

Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The restaurant operator reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. Cheesecake Factory had a return on equity of 44.53% and a net margin of 5.20%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts predict that Cheesecake Factory will post 4.68 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Cheesecake Factory’s dividend payout ratio is presently 28.44%.

Insider Activity at Cheesecake Factory

In other news, CFO Matthew Clark sold 23,832 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $113.31, for a total value of $2,700,403.92. Following the sale, the chief financial officer directly owned 45,109 shares of the company’s stock, valued at $5,111,300.79. The trade was a 34.57% 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, EVP Scarlett May sold 2,939 shares of Cheesecake Factory stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $114.12, for a total transaction of $335,398.68. Following the sale, the executive vice president directly owned 15,302 shares in the company, valued at approximately $1,746,264.24. This trade represents a 16.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,154 shares of company stock valued at $3,298,256. 8.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cheesecake Factory

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in Cheesecake Factory in the 3rd quarter valued at $35,000. Allworth Financial LP purchased a new position in Cheesecake Factory in the second quarter valued at $36,000. Carolina Wealth Advisors LLC purchased a new position in Cheesecake Factory in the third quarter worth approximately $36,000. NFSG Corp boosted its position in shares of Cheesecake Factory by 115.8% during the 1st quarter. NFSG Corp now owns 682 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Cheesecake Factory in the 2nd quarter valued at $57,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

About Cheesecake Factory

(Get Free Report)

The Cheesecake Factory Incorporated (NASDAQ: CAKE) is a restaurant company that operates and licenses restaurants under several brands. Its portfolio includes The Cheesecake Factory, North Italia and restaurants developed by Fox Restaurant Concepts, such as Flower Child and Culinary Dropout.

The company’s restaurants serve a range of dishes, including appetizers, entrees and desserts. Its bakery division produces cheesecakes and other baked goods for its restaurants and for foodservice and retail customers.

The company’s roots trace to a bakery business started by Evelyn Overton, and her son David Overton opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978.