The Cheesecake Factory Opens in Queens, N.Y.
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Jefferies Raises Price Target as Cheesecake Factory (CAKE) Posts 3Q Beat
October 27, 2016 8:46 AM EDTJefferies reiterated a Hold rating on Cheesecake Factory (NASDAQ: CAKE), and raised the price target to $51.00 (from $49.00), following the company's 3Q earnings report. 3Q SSS of +1.7% beat the consensus of +0.8%, benefiting from pricing of +2.6% and mix of +0.5%, offset by -1.4% traffic. EPS of $0.70 was better... More
