Robert W. Baird analyst David Tarantino maintained a Hold rating on Cheesecake Factory (CAKE – Research Report) on July 27 and set a price target of $30.00. The company’s shares closed last Thursday at $29.58, close to its 52-week low of $26.05.
According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 7.2% and a 60.7% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, BJ’s Restaurants, and Texas Roadhouse.
Cheesecake Factory has an analyst consensus of Hold, with a price target consensus of $34.50, which is a 23.1% upside from current levels. In a report issued on July 26, UBS also maintained a Hold rating on the stock with a $30.00 price target.
Cheesecake Factory’s market cap is currently $1.49B and has a P/E ratio of 18.80.
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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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