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Why Cheesecake Factory (CAKE) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Cheesecake Factory (CAKE)

As of Jan 2, 2024, Cheesecake Factory owned and operated 334 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia, Flower Child and a collection within the Fox Restaurant Concepts subsidiary.

CAKE sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 14.1% and 5.1% year-over-year, respectively.

Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.05 to $3.07 per share. CAKE also boasts an average earnings surprise of 3.3%.

On a historic basis, Cheesecake Factory has generated cash flow growth of 1.6%, and is expected to report cash flow expansion of 33.4% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CAKE should be on investors' short lists.

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The Cheesecake Factory Incorporated (CAKE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research