On Oct 30, major Wall Street analysts update their ratings for $Cheesecake Factory (CAKE.US)$, with price targets ranging from $37 to $52.
Morgan Stanley analyst Brian Harbour maintains with a sell rating, and adjusts the target price from $35 to $37.
BofA Securities analyst Katherine Griffin maintains with a hold rating, and sets the target price at $49.
Wells Fargo analyst Zachary Fadem maintains with a hold rating, and maintains the target price at $45.
Baird analyst David Tarantino maintains with a hold rating, and adjusts the target price from $40 to $47.
Oppenheimer analyst Brian Bittner maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Cheesecake Factory (CAKE.US)$'s main analysts recently are as follows:
The company's Q3 report was notable for its strong performance, surpassing expectations on all fronts.
The firm observes that Cheesecake Factory's third-quarter earnings per share exceeded consensus estimates, bolstered by stronger-than-anticipated same-store sales growth at Cheesecake and underlying margin. The guidance for the fourth quarter and the year 2025 regarding revenue was generally as expected, the firm comments.
The Cheesecake Factory's third-quarter comparable sales met expectations, and the outlook for the stock is positive due to potential upside in revenue less cost of goods sold as a percentage of revenue, favorable September traffic, and an optimistic 2025 net income margin forecast. Although the stock is not considered overpriced and earnings per share estimates have slightly increased, the variability in customer traffic is a reason for a cautious stance.
The recent quarterly report from Cheesecake Factory has been noted as promising, exhibiting a substantial positive variance to projected earnings per share thanks to stronger-than-anticipated comparable sales and margin results. The company also presents a favorable margin forecast for the fourth quarter and into the year 2025.
Here are the latest investment ratings and price targets for $Cheesecake Factory (CAKE.US)$ from 7 analysts:
Note:
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