Cheesecake Factory (CAKE) Misses Q2 EPS by 26c

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Go back to Cheesecake Factory (CAKE) Misses Q2 EPS by 26c

Cheesecake Factory (CAKE) PT Lowered to $46 at Jefferies

July 28, 2022 8:28 AM EDT

Jefferies analyst Andy Barish lowered the price target on Cheesecake Factory (NASDAQ: CAKE) to $46.00 (from $50.00) while maintaining a Buy rating.

The analyst commented, "Adj. EPS $0.52 missed $0.78 Cons on lower SSS (-150bps vs. Street) and RLM (-210bps), primarily driven by... More