On Oct 31, major Wall Street analysts update their ratings for $Cheesecake Factory (CAKE.US)$, with price targets ranging from $37 to $55.
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.
Citi analyst Jon Tower maintains with a buy rating, and adjusts the target price from $51 to $55.
Deutsche Bank analyst Lauren Silberman maintains with a hold rating, and adjusts the target price from $38 to $48.
Wells Fargo analyst Zachary Fadem maintains with a hold rating, and maintains the target price at $45.
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 described as 'impressive, beating top to bottom.'
The company's Q3 earnings per share exceeded consensus due to stronger than anticipated same-store sales growth for Cheesecake and an upper-level margin. The guidance for Q4 and the year 2025 regarding revenue was generally as expected.
The Cheesecake Factory's Q3 comparable sales were largely in line with forecasts, and the potential for improved restaurant-level margin and EBIT% upside, alongside positive September traffic and an optimistic 2025 net income margin guidance, are factors expected to drive the stock higher. Despite these positives and a reasonable stock valuation, the variability in customer traffic is a factor that warrants a cautious stance.
The Q3 report for Cheesecake Factory was seen as promising, showcasing a substantial exceedance of EPS estimates owing to stronger-than-anticipated comparable sales and margin results. Additionally, the outlook for margins in Q4-24/2025 is viewed positively.
Here are the latest investment ratings and price targets for $Cheesecake Factory (CAKE.US)$ from 8 analysts:
Note:
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