Jefferies Reaffirms Their Buy Rating on Cheesecake Factory (CAKE)

Jefferies analyst Andy Barish maintained a Buy rating on Cheesecake Factory (CAKEResearch Report) on May 25 and set a price target of $50.00. The company’s shares closed last Friday at $34.51.

According to, Barish is a 4-star analyst with an average return of 7.7% and a 52.9% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, First Watch Restaurant Group, and Brinker International.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $44.33.

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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 $794 million and net profit of $23.16 million. In comparison, last year the company earned revenue of $627 million and had a net profit of $3.87 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAKE in relation to earlier this year.

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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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