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Morgan Stanley Keeps Their Sell Rating on Cheesecake Factory (CAKE)

Tipranks - Sat Feb 21, 12:52AM CST

In a report released yesterday, Brian Harbour from Morgan Stanley maintained a Sell rating on Cheesecake Factory, with a price target of $50.00. The company’s shares closed yesterday at $62.42.

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According to TipRanks, Harbour is a 3-star analyst with an average return of 1.3% and a 54.35% success rate. Harbour covers the Consumer Cyclical sector, focusing on stocks such as Wendy’s, Dutch Bros Inc, and Cheesecake Factory.

In addition to Morgan Stanley, Cheesecake Factory also received a Sell from Barclays’s Jeff Bernstein in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Buy rating on Cheesecake Factory (NASDAQ: CAKE).

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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