BofA raised the firm’s price target on Cheesecake Factory (CAKE) to $55 from $52 and keeps a Neutral rating on the shares. The firm’s FY25 EPS estimate moves down to $3.65 from $3.75 as it lowered its FY25 same-store sales growth estimate to 0.6% from 1.9%, assuming mix stays more negative throughout the course of the year, the analyst noted. The firm is also rolling forward estimates one quarter, the analyst noted.
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Read More on CAKE:
- Cheesecake Factory price target raised to $49 from $46 at Baird
- Cheesecake Factory price target raised to $50 from $45 at Wells Fargo
- Cheesecake Factory price target lowered to $45 from $46 at Barclays
- The Cheesecake Factory’s Strong Start to Fiscal 2025
- Positive Outlook and Buy Rating for The Cheesecake Factory Amid Strong Q1 Performance
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