Wells Fargo raised the firm’s price target on Cheesecake Factory (CAKE) to $52 from $45 and keeps an Equal Weight rating on the shares. Amidst a strong Q4 CD backdrop, Cheesecake Factory delivered in line comps with profits well managed and 2025 outlook largely as expected. That said, Q4 traffic was negative, quarter-to-date softer, and with Cheesecake Factory +14% year-to-date, Wells sees shares taking a breather.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE:
- Cheesecake Factory price target raised to $51 from $47 at Piper Sandler
- Cheesecake Factory price target raised to $61 from $59 at Wedbush
- Cheesecake Factory price target raised to $50 from $46 at Barclays
- The Cheesecake Factory’s Robust Q4 Financial Performance
- Closing Bell Movers: Carvana down 8% on earnings, Palantir extends decline