J.P. Morgan Keeps Their Sell Rating on Cheesecake Factory (CAKE)
In a report released yesterday, John Ivankoe from J.P. Morgan maintained a Sell rating on Cheesecake Factory, with a price target of $58.00. The company’s shares closed yesterday at $57.37.
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Ivankoe covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Cheesecake Factory, and Chipotle. According to TipRanks, Ivankoe has an average return of 12.2% and a 64.08% success rate on recommended stocks.
In addition to J.P. Morgan, Cheesecake Factory also received a Sell from Morgan Stanley’s Brian Harbour in a report issued on January 20. However, today, TipRanks – OpenAI reiterated a Hold 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
Read More on CAKE:
Disclaimer & DisclosureReport an Issue
- Cheesecake Factory price target raised to $66 from $65 at BofA
- Arm upgraded, Flutter downgraded: Wall Street’s top analyst calls
- Cheesecake Factory downgraded to Market Perform from Outperform at Raymond James
- Cheesecake Factory price target raised to $50 from $49 at Morgan Stanley
- Cheesecake Factory price target raised to $65 from $56 at BofA
