Mizuho Securities Keeps Their Buy Rating on Cheesecake Factory (CAKE)
In a report released today, Nick Setyan from Mizuho Securities maintained a Buy rating on Cheesecake Factory, with a price target of $75.00.
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Setyan covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Jack In The Box, and Cheesecake Factory. According to TipRanks, Setyan has an average return of 10.6% and a 52.97% success rate on recommended stocks.
In addition to Mizuho Securities, Cheesecake Factory also received a Buy from TipRanks – DeepSeek’s DeepSeek Restaurants in a report issued yesterday. However, today, TipRanks – xAI reiterated a Hold rating on Cheesecake Factory (NASDAQ: CAKE).
Based on Cheesecake Factory’s latest earnings release for the quarter ending December 30, the company reported a quarterly revenue of $961.56 million and a net profit of $28.78 million. In comparison, last year the company earned a revenue of $920.96 million and had a net profit of $41.15 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAKE in relation to earlier this year. Last month, Scarlett May, the EVP & GC of CAKE sold 5,206.00 shares for a total of $327,665.64.
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