Baird analyst David Tarantino raised the firm’s price target on Cheesecake Factory to $39 from $33 and keeps a Neutral rating on the shares. The analyst noted Q4 comps/EPS missed estimates on softer-than-modeled comps/margin performance, but the company signaled a solid start to Q1 and outlined a path to better margin performance in the quarters ahead.
Published first on TheFly
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- Cheesecake Factory price target raised to $30 from $28 at Barclays
- Cheesecake Factory sees Q1 revenue $850M-$880M, consensus $862.8M
- Cheesecake Factory sees FY23 revenue $3.5B-$3.6B, consensus $3.52B
- Cheesecake Factory reports Q4 adjusted EPS 56c, consensus 57c
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