Cheesecake Factory Incorporated (NASDAQ:CAKE) shares are trending on Tuesday night.

Shares of the California-based restaurant chain and cheesecake distributor surged 3.47% to $92.10 after the bell on Tuesday, after the company announced second-quarter revenue and earnings per share both topping analyst estimates.

Revenue, EPS Top Analyst Estimates

Cheesecake Factory reported $1.03 billion in revenue for the period ended Jun. 30, beating the analyst estimate of $994.5 million by 3.54%. Revenue rose from $955.8 million a year earlier.

EPS came in at $1.44, topping the expected $1.14 by 26.3%.

Net income hit $68.4 million, or $1.41 per diluted share, while comparable restaurant sales climbed 5.8% year-over-year, outpacing the broader casual dining industry.

Chairman and CEO David Overton said the company built on “another quarter of better-than-expected financial results, as revenue, margins and earnings all exceeded our expectations.”

Expansion Continues, Dividend Reaffirmed

According to its Tuesday announcement, the company opened four new restaurants in the quarter and still plans up to 26 openings in fiscal 2026 across its Cheesecake Factory, North Italia and Flower Child brands.

Cheesecake also repaid $69 million in convertible notes and declared a quarterly dividend of $0.30 per share, payable Aug. 25, to shareholders of record at the close of business on Aug. 11.

Separately, the company announced it will celebrate National Cheesecake Day on Thursday with half-price slices for dine-in guests, alongside the debut of its new Brownie Crunch Choc-a-Lot Cheesecake flavor.

Trading Metrics, Technical Analysis

Cheesecake Factory has a market capitalization of $4.42 billion, a 52-week high of $89.22 and a 52-week low of $43.07.

The Relative Strength Index (RSI) of the stock stands at 43.11.

On Monday, Oppenheimer (NYSE:OPY) analyst Brian Bittner raised his price target on CAKE to $91 from $72, while maintaining an Outperform rating.

The mid-cap stock has gained 35.09% over the past 12 months.

CAKE is currently positioned close to its annual high.

Price Action: The stock closed at $89.01 on Tuesday, up 2.28%, according to Benzinga Pro data.

With a strong Momentum score in the 91st percentile and a Growth score of 90.19, Benzinga’s Edge Stock Rankings show that CAKE has a positive price trend across all time frames.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: Jonathan Weiss on Shutterstock.com