Cheesecake Factory Incorporated (CAKE) Stock Falls on Q4 2025 Earnings

Cheesecake Factory Incorporated (CAKE) reported fourth-quarter 2025 results.

Total revenue: $961.6 million (+4.41% year‑over‑year).

Gross profit: $754.2 million (+88.56% year‑over‑year).

Operating profit: $33.2 million (‑28.73% year‑over‑year).

Net income attributable to common shareholders: $28.8 million (‑30.08% year‑over‑year).

Diluted earnings per share: $0.60 (‑27.71% year‑over‑year).

Balance sheet and cash flow highlights:

Cash from operating activities: $90.6 million (‑3.61% year‑over‑year).

Cash and cash equivalents: $190.0 million (+125.69% year‑over‑year).

Purchases of property, plant and equipment: -$36.7 million (‑7.95% year‑over‑year).

Cost of sales: $207.4 million (‑60.19% year‑over‑year).

Total liabilities: $2.82 billion (+8.38% year‑over‑year).

Estimates and market reaction:

Revenue versus estimate: $961.6 million actual vs. $968.5 million estimated.

EPS versus estimate: $0.60 actual vs. $1.01 estimated.

Stock movement since market close: down 5.02%.

The company posted a large year‑over‑year increase in gross profit while operating profit and net income declined, indicating that higher-level expenses narrowed the bottom line despite stronger gross margins. The quarter missed both revenue and earnings per share estimates, and the market reacted with a share‑price decline.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Cheesecake Factory Incorporated Hedge Fund Activity

We have seen 136 institutional investors add shares of Cheesecake Factory Incorporated stock to their portfolio, and 216 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 1,887,979 shares (+35.9%) to their portfolio in Q4 2025, for an estimated $95,305,179
WOODLINE PARTNERS LP removed 577,857 shares (-93.5%) from their portfolio in Q4 2025, for an estimated $29,170,221
DRIEHAUS CAPITAL MANAGEMENT LLC removed 507,614 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $27,736,028
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 452,955 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $24,749,461
INVESCO LTD. added 407,223 shares (+24.7%) to their portfolio in Q3 2025, for an estimated $22,250,664
JUNTO CAPITAL MANAGEMENT LP removed 402,879 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $22,013,308
BANK OF AMERICA CORP /DE/ removed 362,081 shares (-15.1%) from their portfolio in Q4 2025, for an estimated $18,277,848

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Cheesecake Factory Incorporated Analyst Ratings

Wall Street analysts have issued reports on $CAKE in the last several months. We have seen 5 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Argus Research issued a "Buy" rating on 11/07/2025
JP Morgan issued a "Underweight" rating on 10/30/2025
Citigroup issued a "Buy" rating on 10/29/2025
Stephens & Co. issued a "Overweight" rating on 10/29/2025
Barclays issued a "Underweight" rating on 10/29/2025
Mizuho issued a "Outperform" rating on 10/29/2025
Raymond James issued a "Outperform" rating on 10/16/2025

To track analyst ratings and price targets for Cheesecake Factory Incorporated, check out Quiver Quantitative's $CAKE forecast page.

Cheesecake Factory Incorporated Price Targets

Multiple analysts have issued price targets for $CAKE recently. We have seen 11 analysts offer price targets for $CAKE in the last 6 months, with a median target of $56.0.

Here are some recent targets:

Nick Setyan from Mizuho set a target price of $70.0 on 02/12/2026
Jon Tower from Citigroup set a target price of $72.0 on 02/09/2026
John Glass from Morgan Stanley set a target price of $50.0 on 01/20/2026
Jeffrey Bernstein from Barclays set a target price of $51.0 on 01/07/2026
Lynne Collier from Freedom Capital Markets set a target price of $56.0 on 12/17/2025
Christine Dooley from Argus Research set a target price of $55.0 on 11/07/2025
John Ivankoe from JP Morgan set a target price of $52.0 on 10/30/2025