Cheesecake Factory (CAKE) Receives a Hold from Wedbush


In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Cheesecake Factory (CAKE), with a price target of $48. The company’s shares closed yesterday at $46.38.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.5% and a 57.1% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Cheesecake Factory has an analyst consensus of Moderate Buy, with a price target consensus of $48.50.

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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 $57.74 million.

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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.

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