Wedbush analyst Nick Setyan raised the firm’s price target on Cheesecake Factory (CAKE) to $52 from $48 and keeps an Outperform rating on the shares. The firm notes the company reported Q3 EPS above consensus on better-than-expected Cheesecake same-store sales growth and UL margin. Q4 and 2025 top line guidance was largely unsurprising, Wedbush adds.
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Read More on CAKE:
- Cheesecake Factory price target raised to $45 from $38 at Wells Fargo
- Cheesecake Factory price target raised to $47 from $40 at Baird
- 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