Jefferies analyst Andy Barish assigned a Hold rating to Cheesecake Factory (CAKE) on July 30 and set a price target of $25.00. The company’s shares closed last Monday at $26.34.
According to TipRanks.com, Barish is a 5-star analyst with an average return of 8.8% and a 58.5% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Papa John’s International, and Del Taco Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Cheesecake Factory with a $25.31 average price target, a -4.0% downside from current levels. In a report issued on July 29, Oppenheimer also maintained a Hold rating on the stock.
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Based on Cheesecake Factory’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $615 million and GAAP net loss of $136 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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