BofA lowered the firm’s price target on Cheesecake Factory (CAKE) to $56 from $61 and keeps a Neutral rating on the shares after the company’s Q3 results and forward guidance reflected the weakening demand environment. Following the report, the firm maintains its FY25 EPS forecast at $3.72, but lowers its FY26 EPS view to $3.96 from $4.12 as it incorporates slower top line growth expectations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE:
- Cheesecake Factory price target lowered to $64 from $70 at Stephens
- Cautious Outlook: Sell Rating on Cheesecake Factory Amid Macroeconomic Challenges and Overvaluation
- Cheesecake Factory price target lowered to $48 from $50 at Barclays
- Resilient Core Operations Support Buy Rating for The Cheesecake Factory Amid Industry Challenges
- The Cheesecake Factory’s Steady Growth in Q3 2025