In a report issued on April 26, Stephen Anderson from Maxim Group maintained a Buy rating on Cheesecake Factory (NASDAQ: CAKE), with a price target of $57. The company’s shares closed on Friday at $52.83.
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.9% and a 71.3% 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 Moderate Buy, with a price target consensus of $53.25.
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The company has a one-year high of $67.14 and a one-year low of $38.34. Currently, Cheesecake Factory has an average volume of 1.16M.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Last month, Cheryl Slomann, the CAO of CAKE sold 5,500 shares for a total of $274,275.
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.
