Baird raised the firm’s price target on Cheesecake Factory (CAKE) to $47 from $40 and keeps a Neutral rating on the shares. The firm said the Q3 report was encouraging, with the company showing healthy upside to EPS estimates on better-than-modeled comps and margin performance, and providing a good margin outlook for Q4-24/2025.
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Read More on CAKE:
- Cheesecake Factory price target raised to $51 from $50 at Stephens
- Cheesecake Factory Reports Strong Q3 Results
- Cheesecake Factory price target raised to $44 from $38 at Barclays
- Closing Bell Movers: Alphabet up over 5% on Q3 earnings beat
- Cheesecake Factory cuts FY24 revenue view to about $3.57B from about $3.58B