In a report issued on July 12, Andy Barish from Jefferies reiterated a Hold rating on Cheesecake Factory (NASDAQ: CAKE), with a price target of $52. The company’s shares closed yesterday at $57.56, close to its 52-week high of $60.08.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 5.7% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Ruth’s Hospitality, and Texas Roadhouse.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $55.30 average price target.
The company has a one-year high of $60.08 and a one-year low of $38.34. Currently, Cheesecake Factory has an average volume of 979.4K.
Based on the recent corporate insider activity of 34 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.