Cheesecake Factory (CAKE) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Brian Bittner maintained a Hold rating on Cheesecake Factory (CAKE) today. The company’s shares closed last Friday at $29.72.

According to TipRanks.com, Bittner is a 5-star analyst with an average return of 9.3% and a 65.9% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Yum China Holdings.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $31.46, which is a -0.8% downside from current levels. In a report issued on October 19, Wedbush also maintained a Hold rating on the stock with a $31.00 price target.

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Based on Cheesecake Factory’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $296 million and GAAP net loss of $56.54 million. In comparison, last year the company earned revenue of $603 million and had a net profit of $35.51 million.

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Cheesecake Factory, Inc. engages in the operation of chain restaurants. It operates through The Cheesecake Factory and Other segments. The Cheesecake Factory segment involves in the management of restaurants. The Other segment comprises of Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing. 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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