Cheesecake Factory price target raised to $45 from $38 at Wells Fargo
The Fly

Cheesecake Factory price target raised to $45 from $38 at Wells Fargo

Wells Fargo raised the firm’s price target on Cheesecake Factory (CAKE) to $45 from $38. While Q3 comps largely met expectations, the firm sees shares higher via RLM/EBIT% upside, positive Sept traffic, and bullish 2025 NI margin guide. While shares aren’t expensive and its EPS moves up a bit, traffic variability keeps Wells sidelined.

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