In a report issued on June 13, Andy Barish from Jefferies maintained a Buy rating on Cheesecake Factory (CAKE – Research Report). The company’s shares closed last Friday at $27.71, close to its 52-week low of $26.12.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 6.3% and a 52.4% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, First Watch Restaurant Group, and Brinker International.
Cheesecake Factory has an analyst consensus of Hold, with a price target consensus of $41.22, a 55.6% upside from current levels. In a report issued on June 16, Citigroup also maintained a Buy rating on the stock with a $43.00 price target.
The company has a one-year high of $55.31 and a one-year low of $26.12. Currently, Cheesecake Factory has an average volume of 1M.
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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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