Barclays lowered the firm’s price target on Cheesecake Factory (CAKE) to $45 from $46 and keeps an Underweight rating on the shares. The company’s Q1 was solid, but its comp is expected to decelerate modestly from here in a “less robust environment,” the analyst tells investors in a research note.
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Read More on CAKE:
- The Cheesecake Factory’s Strong Start to Fiscal 2025
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- Cheesecake Factory says targeting low single digit commodity inflation in 2H25
- Cheesecake Factory sees Q2 revenue $935M-$950M, consensus $953.96M
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