Barclays analyst Jeff Bernstein maintains $Cheesecake Factory (CAKE.US)$ with a sell rating, and adjusts the target price from $35 to $38.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 5.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cheesecake Factory (CAKE.US)$'s main analysts recently are as follows:
The firm is revising its price assessments across the restaurant industry coverage to account for changes in estimates and the elevation of market multiples, in anticipation of the third-quarter reports from the sector.
The Cheesecake Factory's comparative sales showed an initial easing at the beginning of the third quarter before settling at more moderate levels. It is noted that while the entire sector is susceptible to the spending power of lower-income consumers, the quick service segment's emphasis on value has proven to be impactful. Additionally, it is observed that inflation and pricing pressures are showing signs of abatement.
Note:
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