Wedbush analyst Nick Setyan raised the firm’s price target on Cheesecake Factory (CAKE) to $52 from $48 and keeps an Outperform rating on the shares. The firm notes the company reported Q3 EPS above ...
The adjustment follows Cheesecake Factory's report of a strong third quarter, which showcased better-than-expected same-store sales (SSS), restaurant margins, and earnings per share (EPS).