The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2024
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October 30, 2024 6:35 AM EDT
Deutsche Bank analyst Lauren Silberman raised the price target on Cheesecake Factory (NASDAQ: CAKE) to $48.00 (from $38.00) while maintaining a Hold rating.
The analyst comments "CAKE reported a strong 3Q with SSS, restaurant margin and EPS beats. SSS of 1.6% were better-than-expected, reflecting improving trends throughout... More
October 30, 2024 6:28 AM EDT
Stephens analyst Jim Salera raised the price target on Cheesecake Factory (NASDAQ: CAKE) to $51.00 (from $50.00) while maintaining a Overweight rating.
The analyst comments "CAKE reported solid 3Q24 results that included a beat on Cheesecake Factory same-store sales driven by improving traffic each month... More
October 30, 2024 5:47 AM EDT
Citi analyst Jon Tower raised the price target on Cheesecake Factory (NASDAQ: CAKE) to $55.00 (from $51.00) while maintaining a Buy rating.
The analyst comments "3Q results and 4Q/initial 2025 guidance checked all the boxes of our more positive thesis. First, key buffers against industry choppiness/lower-income... More
