Wedbush analyst Nick Setyan reiterated a Buy rating on Cheesecake Factory (NASDAQ:CAKE) on Thursday, setting a price target of $64, which is approximately 8.46% above the present share price of $59.01.
Setyan expects Cheesecake Factory to post earnings per share (EPS) of -$0.85 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in Cheesecake Factory, with an average price target of $48.8.
The analysts price targets range from a high of $64 to a low of $36.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $554.55 million and a net profit of -$23.73 million. The company's market cap is $2.7 billion.
According to TipRanks.com, Wedbush analyst Nick Setyan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.8% and a 60.50% success rate.
Cheesecake Factory, Inc. engages in the operation of chain restaurants. It operates through The Cheesecake Factory and Other segments. The Cheesecake Factory segment involves in the management of restaurants. The Other segment comprises of Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing. Its menu offering includes appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, omelettes, and desserts. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.