Cheesecake Factory (CAKE) received a Buy rating and a $55 price target from Maxim Group analyst Stephen Anderson today. The company’s shares closed yesterday at $43.58, close to its 52-week low of $43.26.
Anderson commented:
“We upgrade shares of The Cheesecake Factory (CAKE) to Buy, from Hold, while maintaining our $55 price target.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.6% and a 64.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Cheesecake Factory has an analyst consensus of Hold, with a price target consensus of $52.33.
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The company has a one-year high of $60.19 and a one-year low of $43.26. Currently, Cheesecake Factory has an average volume of 779K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.
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Cheesecake Factory, Inc. engages in the operation of chain restaurants. Its menu offering includes appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, omelettes, and desserts. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.