On Oct 22, major Wall Street analysts update their ratings for $Cheesecake Factory (CAKE.US)$, with price targets ranging from $35 to $50.
Morgan Stanley analyst Brian Harbour maintains with a sell rating, and adjusts the target price from $29 to $35.
Barclays analyst Jeff Bernstein maintains with a sell rating, and adjusts the target price from $35 to $38.
Jefferies analyst Andy Barish maintains with a buy rating, and adjusts the target price from $46 to $49.
Wedbush analyst Nick Setyan maintains with a buy rating, and maintains the target price at $45.
Stephens analyst Jim Salera maintains with a buy rating, and adjusts the target price from $44 to $50.
Furthermore, according to the comprehensive report, the opinions of $Cheesecake Factory (CAKE.US)$'s main analysts recently are as follows:
The Cheesecake Factory's comparable sales showed a softening at the onset of Q3, but later found stability, albeit at diminished levels. It's observed that while all restaurant categories may feel the impact of a decline in lower-income consumer spending, quick service restaurants have managed an effective value proposition. Additionally, the pressures from inflation and pricing appear to be relenting.
Here are the latest investment ratings and price targets for $Cheesecake Factory (CAKE.US)$ from 5 analysts:
Note:
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