Wedbush Sticks to Its Buy Rating for Cheesecake Factory (CAKE)

In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Cheesecake Factory (CAKEResearch Report), with a price target of $38.00. The company’s shares closed last Wednesday at $28.19, close to its 52-week low of $26.05.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.7% and a 45.2% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, The ONE Group Hospitality, and Brinker International.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $34.18, which is a 25.0% upside from current levels. In a report issued on July 19, Raymond James also maintained a Buy rating on the stock with a $36.00 price target.

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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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