Cheesecake Factory price target raised to $61 from $59 at Wedbush

Wedbush analyst Nick Setyan raised the firm’s price target on Cheesecake Factory (CAKE) to $61 from $59 and keeps an Outperform rating on the shares following quarterly results. The firm notes margins were well above expectations on largely in line same-store sales growth. Q1 and 2025 top line guidance were largely in line. 2025 net income guidance implies a largely in line EPS, but Wedbush views it as conservative.