Cheesecake Factory (CAKE) PT Raised to $46 at Wedbush

Wedbush raised its price target on Cheesecake Factory (NASDAQ: CAKE) to $46.00 (from $45.00) while maintaining a Neutral rating.

Analyst Nick Setyan said margins remain under pressure despite solid SS growth guidance.

Raising 2018 EPS estimate to $2.74 from $2.69 to reflect updated guidance. They also introduce our 2019 EPS estimate of $2.99

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