Barclays Raises Numbers on Cheesecake Factory (CAKE); Continuing to Defy Dining Comp Volatility
Tweet Send to a FriendGet Alerts CAKE Hot Sheet
Price: $40.18 -0.57%
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CAKE Now!
Barclays maintains an 'Equalweight' on Cheesecake Factory (NASDAQ: CAKE) price target of $33.00 (from $32.00).
Analyst, Jeffrey A. Bernstein, said, "Cheesecake continues to defy casual dining comp volatility, delivering the 10th consecutive quarter of low-single-digit positive comps, more recently inclusive of positive traffic. Such coupled with mid-single-digit unit growth and easing food inflation translates into mid-teens '12 EPS growth, similar to long-term guidance."
FY12 EPS estimate raised from $1.87 to $1.92 and FY13 from $2.13 to $2.20.
For an analyst ratings summary and ratings history on Cheesecake Factory click here. For more ratings news on Cheesecake Factory click here.
Shares of Cheesecake Factory closed at $30.38 yesterday, with a 52 week range of $23.65-$33.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Jeffrey A. Bernstein, said, "Cheesecake continues to defy casual dining comp volatility, delivering the 10th consecutive quarter of low-single-digit positive comps, more recently inclusive of positive traffic. Such coupled with mid-single-digit unit growth and easing food inflation translates into mid-teens '12 EPS growth, similar to long-term guidance."
FY12 EPS estimate raised from $1.87 to $1.92 and FY13 from $2.13 to $2.20.
For an analyst ratings summary and ratings history on Cheesecake Factory click here. For more ratings news on Cheesecake Factory click here.
Shares of Cheesecake Factory closed at $30.38 yesterday, with a 52 week range of $23.65-$33.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Dollar Tree (DLTR) Beats But Looks Stretched - Jefferies
- RBC Capital Lifts PT on Marvell (MRVL) after 'Strong' Q1 Report
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
