Cheesecake Factory price target raised to $65 from $61 at Stephens

Stephens raised the firm’s price target on Cheesecake Factory (CAKE) to $65 from $61 and keeps an Equal Weight rating on the shares. Cheesecake delivered a “strong” Q1 report and the Q2 framework points to steady sales trends, modest margin progression, and “a healthy development cadence,” says the analyst, who came away from earnings “incrementally more positive on the name.”