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Raymond James Thinks Cheesecake Factory’s Stock is Going to Recover

Raymond James analyst Brian Vaccaro maintained a Buy rating on Cheesecake Factory (CAKEResearch Report) today and set a price target of $36.00. The company’s shares closed last Monday at $27.07, close to its 52-week low of $26.05.

According to TipRanks.com, Vaccaro is a 4-star analyst with an average return of 4.5% and a 45.4% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Brinker International, and Dine Brands Global.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $37.10.

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The company has a one-year high of $55.31 and a one-year low of $26.05. Currently, Cheesecake Factory has an average volume of 1.03M.

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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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