Cheesecake Factory (CAKE) Gets a Hold Rating from Wedbush


Wedbush analyst Nick Setyan maintained a Hold rating on Cheesecake Factory (NASDAQ: CAKE) today and set a price target of $55. The company’s shares closed yesterday at $49.05.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.4% and a 60.6% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Habit Restaurants.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $54.25, implying a 10.6% 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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Based on Cheesecake Factory’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $28.48 million. In comparison, last year the company had a net profit of $26.45 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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