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Cheesecake Factory (CAKE) Gets a Buy from Citi

Tipranks - Tipranks - Fri Feb 20, 6:12AM CST

In a report released today, Jon Tower from Citi maintained a Buy rating on Cheesecake Factory, with a price target of $74.00.

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Tower covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Jack In The Box, and Chipotle. According to TipRanks, Tower has an average return of 13.0% and a 62.98% success rate on recommended stocks.

In addition to Citi, Cheesecake Factory also received a Buy from William Blair’s Sharon Zackfia in a report issued today. However, on the same day, Stephens downgraded Cheesecake Factory (NASDAQ: CAKE) to a Hold.

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Based on Cheesecake Factory’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $907.23 million and a net profit of $31.9 million. In comparison, last year the company earned a revenue of $865.47 million and had a net profit of $29.99 million

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