Goldman Sachs analyst Christine Cho initiated coverage of Cheesecake Factory (CAKE) with a Buy rating and $56 price target The analyst believes investors are underappreciating the potential unit growth trajectory at Cheesecake. The smaller brands under the company’s umbrella will serve as a key growth engine for the company going forward, with management looking for mid-teens annual unit growth, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE:
- Cheesecake Factory management to meet virtually with Stephens
- Cheesecake Factory price target raised to $52 from $49 at BofA
- Cheesecake Factory price target raised to $59 from $52 at Wedbush
- Cheesecake Factory price target raised to $49 from $47 at BofA
- Cheesecake Factory price target raised to $52 from $48 at Wedbush