In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Cheesecake Factory (NASDAQ: CAKE), with a price target of $55. The company’s shares closed yesterday at $53.63.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 8.5% and a 63.5% 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, representing a 0.7% upside. In a report issued on September 17, J.P. Morgan also maintained a Hold rating on the stock with a $56 price target.
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The company has a one-year high of $60.19 and a one-year low of $40.82. Currently, Cheesecake Factory has an average volume of 772.9K.
Based on the recent corporate insider activity of 35 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.
