Analysts fell to the sidelines weighing in on Cheesecake Factory (NASDAQ:CAKE) and CH Robinson (NASDAQ:CHRW) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Cheesecake Factory (CAKE)
In a report released yesterday, Brian Bittner from Oppenheimer maintained a Hold rating on Cheesecake Factory. The company’s shares closed yesterday at $49.05.
Bittner said:
“CAKE’s headline SSS of +1.5% were healthy, but below Street’s +2.2% estimate. This occurred as “heightened discounting” by competitors and weather noise caused trends to underperform the industry (by 40bps) after outperforming in 1H18. No specific ’19 EPS guidance was communicated, but our analysis of line-item targets suggests a base-case in the $2.70/sh range (in line with Street’s $2.73). Interestingly, mgmt still aspires to growth avenues as it will acquire remainder of and potentially deploy capital away from Lux concepts. Maintain Perform as we still search for a compelling earnings upside thesis.”
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 10.3% and a 66.3% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Yum China Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $53.70 average price target, implying a 9.5% upside from current levels. In a report issued on October 18, Gordon Haskett Capital Corporation also initiated coverage with a Hold rating on the stock with a $53 price target.
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CH Robinson (CHRW)
In a report released yesterday, Scott Schneeberger from Oppenheimer maintained a Hold rating on CH Robinson. The company’s shares closed yesterday at $88.29.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 9.8% and a 62.6% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and XPO Logistics.
Currently, the analyst consensus on CH Robinson is a Moderate Buy with an average price target of $99.86.
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