The Cheesecake Factory Incorporated (NASDAQ:CAKE) Q4 2025 Earnings Call Transcript
The Cheesecake Factory reported solid Q4 2025 results, with revenue and adjusted EPS at the higher end of expectations, driven by strong operational execution despite a challenging industry. The company achieved record annual revenue and adjusted diluted earnings per share for 2025, supported by new restaurant openings and culinary innovation. Management provided an optimistic outlook for 2026, anticipating continued unit growth and modest margin expansion.
Flower Child remains Cheesecake Factory’s high performer
Flower Child continues to be the top-performing brand for The Cheesecake Factory Inc., with 4% same-store sales growth despite dips at its parent company's other brands. The health-oriented, fast-casual chain is resonating with consumers due to its healthy, on-trend, and experiential dining, leading to plans for significant expansion. The Cheesecake Factory Inc. reported record total revenues and EBITDA for Q4, with positive outlooks for 2026, including plans for further restaurant openings and a new app for its flagship brand.
Citigroup Raises Price Target for The Cheesecake Factory (CAKE) to $74 | CAKE Stock News
Citigroup has increased its price target for The Cheesecake Factory (CAKE) from $72 to $74, maintaining its 'Buy' rating. This adjustment by analyst Jon Tower is part of ongoing analyst interest, with other firms also recently updating their price targets and ratings for CAKE. The average one-year price target from 18 analysts is $61.22, suggesting a slight downside from the current price, while GuruFocus estimates a GF Value of $44.51 indicating a significant downside.
Wells Fargo Raises Price Target for The Cheesecake Factory (CAKE) to $60 | CAKE Stock News
Wells Fargo has increased its price target for The Cheesecake Factory (CAKE) to $60.00 from $55.00, while maintaining an Equal-Weight rating. This adjustment reflects a 9.09% rise in the price target for the restaurant chain. Other analysts have also recently updated their ratings and price targets for CAKE, with an average target price of $61.22 from 18 analysts, suggesting a slight downside from its current price.
The Cheesecake Factory (CAKE) Misses Q4 EPS Estimates, Shares Dr
The Cheesecake Factory (CAKE) reported a 4% increase in Q4 revenue but missed EPS estimates by $0.39, leading to a 7.2% drop in postmarket trading. The company's comparable restaurant sales declined, impacting net income and margins, and its financial health shows mixed signals with potential liquidity constraints and high leverage. While the Piotroski F-Score indicates a healthy financial situation, insider selling and near-high valuation metrics suggest a cautious market sentiment.
Cheesecake Factory: Fourth Quarter Earnings Overview
The Cheesecake Factory Inc. announced strong fourth-quarter results, surpassing analysts' earnings and revenue predictions. The company reported a net profit of $28.8 million, with adjusted earnings of $1 per share, exceeding the anticipated 98 cents. Quarterly revenue reached $961.6 million, also outperforming forecasts.
The Cheesecake Factory (NASDAQ:CAKE) Posts Better-Than-Expected Sales In Q4 CY2025 But Stock Drops
The Cheesecake Factory (NASDAQ:CAKE) reported better-than-expected Q4 CY2025 revenues of $961.6 million, a 4.4% year-on-year increase, and non-GAAP profit of $1 per share, exceeding analyst estimates. Despite these positive financial results, the stock dropped by 6.2%. The company saw a decline in same-store sales and a miss on adjusted EBITDA, indicating mixed performance for the quarter.
Cheesecake Factory lifts dividend, plans 26 new restaurants
The Cheesecake Factory (CAKE) reported Q4 fiscal 2025 revenues of $961.6 million and adjusted diluted EPS of $1.00, achieving record annual revenue. The company announced plans to open up to 26 new restaurants in fiscal 2026, increased its share repurchase authorization by 5 million shares, and raised its quarterly dividend to $0.30 per share. Despite a challenging operating environment, the results demonstrate resilience and strong operational execution.
The Cheesecake Factory Inc (CAKE) Q4 2025 Earnings Call Highlights: Record Annual Revenue ... By GuruFocus
The Cheesecake Factory Inc (CAKE) reported record annual revenue of $3.75 billion and adjusted diluted EPS of $3.77 for 2025, despite a decline in comparable sales for The Cheesecake Factory and North Italia. The company opened 25 new restaurants and increased its share repurchase authorization and quarterly dividend. Challenges included a soft consumer sentiment in Q4 and weather impacts in Q1 2026.
Cheesecake Factory leaders to speak at March 3 investor event
The Cheesecake Factory Incorporated announced its President, David Gordon, and CFO, Matthew Clark, will present at the Raymond James 47th Annual Institutional Investors Conference on March 3, 2026. The presentation will be webcast live at 9:50 a.m. Eastern Time on the company's investor relations website. The Cheesecake Factory, a leader in experiential dining, operates 368 restaurants across the US and Canada and was named a FORTUNE "100 Best Companies to Work For" for the twelfth consecutive year in 2025.
The Cheesecake Factory Earnings: What To Look For From CAKE
The Cheesecake Factory (NASDAQ:CAKE) is set to report earnings this Wednesday after the bell. Analysts expect revenue growth of 3% year-on-year to $948.4 million and adjusted earnings of $0.99 per share, even after the company missed revenue estimates in three of the last two years. The stock has outperformed the restaurant segment over the last month, rising 1.5% while the sector declined by 5.7%.
Cheesecake Factory (CAKE) Valuation Check As Contrasting Fair Value Estimates Emerge
The Cheesecake Factory (CAKE) stock is trading around US$58.67, drawing attention to its valuation. While one narrative suggests it is 20.5% undervalued with a fair value of $73.83, based on expanding concepts and margin assumptions, another view using a DCF model indicates a fair value of $32.55, implying the stock is overvalued. This divergence highlights the importance for investors to consider different assumptions and risk appetites.
Cheesecake Factory (CAKE) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Cheesecake Factory (CAKE) is anticipated to surpass its Q4 2025 earnings estimates, with expected earnings of $0.99 per share and revenues of $948.89 million, representing a 3% year-over-year increase. The company's positive Earnings ESP of +0.10% combined with a Zacks Rank #3 suggests a strong likelihood of an earnings beat, based on analysts' recent bullish revisions. While other factors influence stock movement, the current indicators make CAKE a compelling candidate for exceeding expectations.
Cheesecake Factory (CAKE) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Cheesecake Factory (CAKE) is anticipated to surpass its Q4 earnings estimates, with expected earnings of $0.99 per share on revenues of $948.89 million, despite a projected year-over-year earnings decline. The Zacks Earnings ESP indicates a positive surprise due to the Most Accurate Estimate being higher than the consensus, combined with a Zacks Rank #3. This suggests a high probability of beating the EPS estimate, building on a history of consistently outperforming expectations.
Citigroup Raises Price Target for The Cheesecake Factory (CAKE) to $72 | CAKE Stock News
Citigroup has maintained a 'Buy' rating for The Cheesecake Factory (CAKE) and increased its price target from $65.00 to $72.00, representing a 10.77% increase. This adjustment reflects Citigroup's confidence in the company's growth potential. Other analysts have recently issued varied ratings, with an average target price of $60.28 among 18 analysts, suggesting a slight downside from the current price.
The Cheesecake Factory stock hits 52-week high at $64.00
The Cheesecake Factory (CAKE) stock is nearing its 52-week high, trading at $63.87, reflecting a significant growth period with a 1-year return of 21.1% and a 25.3% gain year-to-date. Its P/E ratio of 19.32 and PEG ratio of 0.79 suggest reasonable valuation, though InvestingPro indicates potential overvaluation and overbought RSI. Freedom Capital Markets initiated coverage with a Hold rating and a $56.00 price target, acknowledging the company's portfolio value but noting that smaller growth brands are undervalued. Investors await the upcoming earnings report on February 18.
Cheesecake Factory (CAKE) Valuation In Focus After Recent Share Price Momentum And Conflicting Fair Value Views
Cheesecake Factory (CAKE) has seen its share price rise to $58.60, with significant momentum over the past three years. Conflicting fair value estimates exist, with one narrative suggesting it's 20.6% undervalued at $73.83, based on multi-brand expansion and rising margins, while a DCF model from Simply Wall St indicates a lower fair value of $31.10. Investors are encouraged to consider these differing valuations and conduct further research into the underlying assumptions and risks.
The Cheesecake Factory Incorporated $CAKE Stake Cut by Knights of Columbus Asset Advisors LLC
Knights of Columbus Asset Advisors LLC reduced its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 37.0% in Q3, selling 21,801 shares. Despite this reduction, institutional investors collectively own 94.48% of the company's stock, with several other major institutions increasing their positions. Analysts currently have a "Hold" rating on CAKE, with an average price target of $59.41, following the company's recent EPS beat.
Ruffer LLP Has $14.51 Million Holdings in The Cheesecake Factory Incorporated $CAKE
Ruffer LLP decreased its stake in The Cheesecake Factory by 10.8% in Q3, now holding 265,599 shares valued at $14.51 million, representing 0.53% of the company. Institutional ownership of CAKE stands at 94.48%. The stock currently has a "Hold" consensus rating from analysts with an average price target of $59.41, and recently reported beating Q3 EPS expectations while revenue increased by 4.8% year-over-year.
The Cheesecake Factory to Webcast Fourth Quarter Fiscal 2025 Earnings Conference Call on February 18, 2026
The Cheesecake Factory Incorporated (NASDAQ: CAKE) announced it will release its fourth quarter fiscal 2025 financial results on Wednesday, February 18, 2026, after market close. The company will host a webcast conference call on the same day at 2:00 p.m. Pacific Time to discuss these results. The call will be accessible via their investor relations website.
The Cheesecake Factory to Webcast Fourth Quarter Fiscal 2025 Earnings Conference Call on February 18, 2026
The Cheesecake Factory Incorporated announced it will release its fourth quarter fiscal 2025 financial results after market close on Wednesday, February 18, 2026. The company will host a conference call on the same day at 2:00 p.m. Pacific Time to discuss these results, which will also be webcast on its investor relations website. This call will provide an overview of the company's financial performance for the period.
Will Cheesecake Factory (CAKE) Beat Estimates Again in Its Next Earnings Report?
Cheesecake Factory (CAKE) has consistently surpassed earnings estimates in its last two reports, fueled by its belonging to the Zacks Retail - Restaurants industry. The company boasts a positive Zacks Earnings ESP of +0.62% and a Zacks Rank #3 (Hold), signaling a strong likelihood of another earnings beat in its upcoming report. This combination suggests that analysts are increasingly optimistic about CAKE's near-term earnings potential.
The Cheesecake Factory to Webcast Fourth Quarter Fiscal 2025 Earnings Conference Call on February 18, 2026
The Cheesecake Factory Incorporated announced it will release its fourth quarter fiscal 2025 financial results after market close on Wednesday, February 18, 2026. The company will also host a conference call on the same day at 2:00 p.m. Pacific Time to discuss these results, which will be webcast on its investor relations website. The Cheesecake Factory is a leader in experiential dining, operating 368 restaurants across various brands and a bakery division.
The Cheesecake Factory Planning Cumming Location
The Cheesecake Factory is set to open a new location in Cumming, Georgia, marking its sixth restaurant in the Atlanta area. The new establishment will be located at 410 Peachtree Parkway, Suite 242, in The Collection Forsyth, taking over the former Wild Wings Cafe space. The California-based chain is known for its extensive menu, offering a wide array of dishes from pasta and steak to its signature cheesecakes.
Death of a Cheesecake Factory: Neighborhood Mourns a Once-Bustling Date Spot
The Cheesecake Factory location in Friendship Heights, Washington, D.C., which opened 34 years ago as the first outside California, has closed. This closure marks the end of an era for a restaurant that was once a popular date spot and a symbol of luxury for local teens. Staff members and whole cheesecakes have been transferred to other locations, while the community reflects on cherished memories made at the iconic establishment.
The Cheesecake Factory is confirmed for Wichita | Wichita By E.B.
The Cheesecake Factory has officially confirmed its opening in east Wichita at Bradley Fair in 2026, taking over the former Outback Steakhouse location. This highly anticipated addition will bring its extensive menu of over 250 dishes and more than 30 cheesecakes to the community. Officials from both The Cheesecake Factory and Bradley Fair expressed excitement for the new restaurant, which will enhance the area's dining and shopping offerings.
Is It Too Late To Consider Cheesecake Factory (CAKE) After Strong Share Price Gains?
Cheesecake Factory (CAKE) has seen strong share price gains recently, with returns of 16.8% over the last year. A Discounted Cash Flow (DCF) analysis suggests the stock might be 86.8% overvalued at its current price of US$58.88, while its P/E ratio of 18.25x is close to Simply Wall St’s Fair Ratio, suggesting it's "about right" based on earnings. The article encourages investors to use "Narratives" on their platform to form a more comprehensive valuation based on individual assumptions.
Local Event: Last-Day for The Cheesecake Factory at the Inner Harbor, Thank You for 30-Years, says CTMB-1.3
The Cheesecake Factory at Baltimore's Inner Harbor is closing its doors after 30 years of business. The "Charm'tastic Mile" of Baltimore (CTMB-1.3) marks this event, reflecting on the restaurant's long run as a significant dining anchor in the city. The closure prompts a look back at Baltimore's history and suggests a need to reimagine a new era for the city.
It’s official: The Cheesecake Factory is coming to Wichita
The Cheesecake Factory has officially confirmed it will be opening a new location in Wichita later this year at Bradley Fair, where Outback Steakhouse previously stood. This highly anticipated announcement follows a construction permit filed last year that hinted at the restaurant’s arrival. The new establishment will feature the chain's extensive menu of over 250 dishes and more than 30 cheesecakes.
The Cheesecake Factory Announces Online Gift Card Offer Exclusively for Cheesecake Rewards Members
The Cheesecake Factory is offering a special promotion exclusively for Cheesecake Rewards members, providing a $10 dining credit for every $50 in gift cards purchased online through their rewards account between January 22 and February 17. The dining credits can be redeemed for dine-in from February 18, 2026, through March 31, 2026. This promotion highlights the benefits of the free-to-join Cheesecake Rewards program, which also includes online reservations and a complimentary birthday slice of cheesecake.
Cheesecake Factory Winter Rewards Offer Links Gift Cards To Future Visits
The Cheesecake Factory has launched a Winter Rewards Gift Card Offer aimed at driving both immediate gift card sales and future restaurant traffic. The promotion, which ties a $10 dining credit to every $50 in gift card purchases, encourages online gift card sales and future dine-in visits within a specific redemption window. This initiative is designed to deepen customer engagement with the Rewards program and smooth traffic after the holiday period, as Cheesecake Factory's stock has seen significant returns over various periods.
It’s official: The Cheesecake Factory is coming to Wichita
The Cheesecake Factory has officially confirmed it will open a new location in Wichita later this year. The restaurant will be situated in Bradley Fair, occupying the former Outback Steakhouse site. This announcement follows earlier hints from a construction permit and will bring the chain's extensive menu to the community.
Cheesecake Factory 'excited to finally be opening' location in Wichita
The Cheesecake Factory is set to open its first Wichita location in Bradley Fair, replacing a former Outback Steakhouse. Construction is expected to begin soon, with the company progressing quickly on its timeline for the new restaurant. This development follows previous articles discussing the potential and plans for a Cheesecake Factory in Wichita.
The Cheesecake Factory Announces Online Gift Card Offer Exclusively for Cheesecake Rewards Members
The Cheesecake Factory is offering a special gift card promotion exclusively for its Cheesecake Rewards members. From now until February 17, 2026, members will receive a $10 dining credit for every $50 in gift cards purchased online through their rewards account. The dining credits are redeemable for dine-in from February 18, 2026, through March 31, 2026, and members can access this offer by logging into their rewards dashboard.
Free Cheesecake Factory rewards deal: $10 dining credit on $50 gift cards
The Cheesecake Factory is offering a promotion for its Cheesecake Rewards members: a $10 dining credit for every $50 spent on online gift cards. This offer is valid from January 22, 2026, through February 17, 2026, and the dining credits can be redeemed for dine-in from February 18 to March 31, 2026. Members must log in to their rewards account to access the exclusive offer.
Raymond James downgrades Cheesecake Factory stock rating to Market Perform
Raymond James has downgraded The Cheesecake Factory (NASDAQ:CAKE) stock from Outperform to Market Perform, setting a price target of $60.00. The downgrade is attributed to the stock approaching fair value after recent gains, with the firm noting that the stock may face a pause until restaurant traffic improves and comparable sales return to positive territory. Raymond James adjusted its Q4 2025 EPS estimate slightly downwards while raising its 2026 EPS estimate, incorporating expectations for sales growth and improved store margins.
Local Event: Kona Grill/RA Sushi Joins Sheraton Inner Harbor, Morton's & Cheesecake Factory as Closed Dwtn-Biz
Kona Grill and RA Sushi in Baltimore's "Charm'tastic Mile" have temporarily closed, following permanent closures of the Sheraton Inner Harbor, Morton's Steakhouse, and The Cheesecake Factory. These closures are significantly impacting downtown Baltimore's hospitality scene, raising concerns among tourists and locals alike. Despite these challenges, local advocates are maintaining a positive outlook, focusing on long-term revival and promoting upcoming events like Baltimore Restaurant Week.
Cheesecake Factory removes more than a dozen menu offerings to ‘make room’ for new dishes
The Cheesecake Factory has announced it is removing over a dozen items from its extensive menu to allow for new culinary creations. This decision is part of an ongoing effort to refresh its offerings while maintaining the high quality and wide variety its customers expect. This move comes as the restaurant industry continuously adapts to evolving consumer tastes and preferences.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) Given Average Rating of "Hold" by Brokerages
The Cheesecake Factory (NASDAQ:CAKE) has received an average "Hold" rating from 19 brokerages, with an average one-year price target of $59.35, despite some recent downgrades and price target cuts. The company reported Q3 EPS of $0.68, beating estimates, and revenue of $907.2 million, slightly missing expectations. CAKE pays a quarterly dividend of $0.27 and has significant institutional ownership.
Three changes coming to The Cheesecake Factory in 2026
The Cheesecake Factory is implementing three major changes in 2026: launching its first-ever mobile app for customer convenience and rewards, opening new locations, and making adjustments to its extensive menu. These initiatives aim to enhance the customer experience through personalization and expansion while refreshing its culinary offerings.
50,193 Shares in The Cheesecake Factory Incorporated $CAKE Bought by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC recently acquired a new stake of 50,193 shares in The Cheesecake Factory Incorporated (NASDAQ:CAKE), valued at approximately $2.74 million. Other institutional investors have also adjusted their positions in the company, with institutional ownership nearing 94.48%. The Cheesecake Factory reported quarterly earnings above estimates, though revenue was slightly below expectations, and maintains a "Hold" rating from analysts with an average target price of $59.35.
Is Cramer's Focus On Unit Margins Quietly Reframing Cheesecake Factory's (CAKE) Investment Story?
Jim Cramer highlighted Cheesecake Factory's strong unit-level margins and planned unit growth, suggesting the stock is undervalued despite a low earnings multiple. While Cramer acknowledges potential risks from management's conservative outlook and shifting dining habits, the emphasis on restaurant-level profitability and expansion could reshape the investment narrative. Investors are balancing these growth prospects against rising labor costs and soft traffic trends.
Assessing Cheesecake Factory (CAKE) Valuation After Renewed Attention From Jim Cramer
Cheesecake Factory (CAKE) has gained renewed attention, with Jim Cramer highlighting its solid unit-level margins and planned expansion. While one analysis suggests it's 17.7% undervalued at US$60.75 with an estimated fair value of US$73.83, Simply Wall St's DCF model indicates it might be overvalued, with a fair value of US$31.60. Investors are encouraged to consider both perspectives and conduct further research into the company's growth, risks, and financial metrics.
Jim Cramer Says Cheesecake Factory Is "Way Too Cheap for a Very High-Quality Still Growth Company"
Jim Cramer has endorsed Cheesecake Factory (NASDAQ: CAKE) as a strong buy, despite its recent 14% increase this year. He highlights its experienced management, diversified menu, and attractive valuation at 13 times earnings. Cramer acknowledges previous cautious outlooks from management but sees its unit economics and growth potential as compelling.
Is Cheesecake Factory (CAKE) Pricing Look Stretched After Strong Recent Share Price Gains
Simply Wall St analyzed Cheesecake Factory (CAKE) stock, finding its current share price of $59.75 appears overvalued by 90.6% based on a Discounted Cash Flow (DCF) analysis, which projects an intrinsic value of $31.35 per share. However, its P/E ratio of 18.52x is considered "about right" when compared to its "Fair Ratio" of 18.96x. The article highlights contrasting "Bull" and "Bear" narratives which offer different fair value estimates based on varying growth assumptions.
Jim Cramer Says Cheesecake Factory Is “Way Too Cheap for a Very High-Quality Still Growth Company”
Jim Cramer believes Cheesecake Factory (NASDAQ: CAKE) is undervalued, calling it "way too cheap for a very high-quality still growth company" given its 13 times earnings valuation and 14% year-to-date gain. He highlighted the company's strong management, unique value proposition through its diverse menu, and impressive unit-level margins. Despite his positive sentiment, Cramer advised caution before buying, suggesting investors wait for upcoming earnings reports due to management's historically conservative outlook that has sometimes led to stock dips even after strong quarters.
Why Cheesecake Factory (CAKE) Is Up 13.0% After Sector-Wide Optimism On 2026 Restaurant Recovery
Cheesecake Factory (CAKE) shares rose 13.0% due to sector-wide optimism following Bernstein analysts' forecast for a restaurant industry recovery in 2026, driven by potential catalysts like a new Tax Bill and the U.S.-hosted Soccer World Cup. This positive outlook provides a potential boost to the full-service dining sector, influencing Cheesecake Factory's investment narrative and its 2026 revenue growth guidance of 4-5%. Despite this, investor considerations include the long-term risk of shifting consumer preferences away from large-format, dine-in establishments.
Why Cheesecake Factory (CAKE) Is Up 13.0% After Sector-Wide Optimism On 2026 Restaurant Recovery
Cheesecake Factory's shares rose 13.0% due to sector-wide optimism following Bernstein analysts' prediction of a restaurant industry recovery in 2026. This positive outlook is linked to potential catalysts like a new Tax Bill and the U.S.-hosted Soccer World Cup, which could significantly boost sentiment for full-service dining. While the company projects 4-5% revenue growth for 2026, investors should consider the long-term risks associated with its large-format, dine-in focus if consumer traffic continues to shift away from traditional dining experiences.
Jack in the Box, Kura Sushi, Starbucks, Wendy's, and The Cheesecake Factory Stocks Trade Up, What You Need To Know
Several restaurant stocks, including Jack in the Box, Kura Sushi, Starbucks, Wendy's, and The Cheesecake Factory, saw their shares rise after Bernstein analysts predicted a potential sector recovery in 2026. This optimistic outlook is fueled by factors like an upcoming Tax Bill and the U.S.-hosted Soccer World Cup, alongside current low restaurant valuations. Despite a recent 3.3% drop from the sale of its Del Taco subsidiary, Jack in the Box's stock gained 8.2%, with its shares still significantly below its 52-week high.
Is Now The Time To Look At Buying The Cheesecake Factory Incorporated (NASDAQ:CAKE)?
The Cheesecake Factory (NASDAQ:CAKE) stock appears to be trading at a fair price, below the industry average P/E ratio of 21.82x with its current ratio at 16.94x. The company has a positive outlook with expected earnings growth of 30% in the coming years, suggesting an opportunity for investors. Its stable share price and future growth potential indicate it could be a good time to consider investing in the stock.
