The Cheesecake Factory Incorporated (CAKE) Receives Price Target

The Cheesecake Factory Incorporated (CAKE) : 10 Wall Street analysts covering The Cheesecake Factory Incorporated (CAKE) believe that the average level the stock could reach for the short term is $53.8. The maximum price target given is $60 and the minimum target for short term is around $43, hence the standard deviation is calculated at $4.83.

The Cheesecake Factory Incorporated (CAKE) : 14 analysts are covering The Cheesecake Factory Incorporated (CAKE) and their average rating on the stock is 2.57, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Canaccord Genuity initiates coverage on The Cheesecake Factory Incorporated (NASDAQ:CAKE) The shares have been rated Hold. The rating by the firm was issued on August 22, 2016.

The Cheesecake Factory Incorporated (NASDAQ:CAKE): The stock opened at $51.70 on Thursday but the bulls could not build on the opening and the stock topped out at $51.76 for the day. The stock traded down to $50.74 during the day, due to lack of any buying support eventually closed down at $51.06 with a loss of -0.68% for the day. The stock had closed at $51.41 on the previous day. The total traded volume was 596,106 shares.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark, 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries, including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand, The Dream Factory brand, The Cheesecake Factory Bakery brand and other private labels.

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