In a report released today, Brian Vaccaro from Raymond James reiterated a Hold rating on Cheesecake Factory (CAKE). The company’s shares closed last Thursday at $29.94.
According to TipRanks.com, Vaccaro is a 1-star analyst with an average return of -0.3% and a 47.1% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Brinker International.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $30.18 average price target, which is a 3.9% upside 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.
