BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $59 from $56 and keeps a Neutral rating on the shares. Following earnings, the firm’s FY25 EPS estimate moves higher to $3.80 from $3.70 previously as it expects Cheesecake will continue to benefit from improved labor productivity and favorable price/cost dynamics, the analyst tells investors.
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Read More on CAKE:
- Cheesecake Factory price target raised to $40 from $37 at Morgan Stanley
- Cheesecake Factory price target raised to $57 from $52 at Baird
- Cautious Outlook on Cheesecake Factory: Mixed Performance and Conservative 2025 Guidance
- Cheesecake Factory price target raised to $52 from $45 at Wells Fargo
- Cheesecake Factory price target raised to $51 from $47 at Piper Sandler